Abstract: With China reformation and open more than 30 years, China GDP was keeping high speed growth even if the growth speed of GDP is lower than before from last year. Growth speed of China GDP still keeps middle-high speed to grow. With international trade further promotion, China became world factory. More and more amount of products were exported to world from China. Therefore, CNY internationalization is inevitable and very significant for China. According the report which was released by IMF last year that CNY succeeded into basket currencies of IMF and acquired the Special Drawing Rights. It announced CNY formal is international currency from last year. Face this change, it is opportunities and challenges for China after CNY succeeded internationalization. The objective of this article is to analyze the opportunities and challenges which might happen by analysis various data of economy and index. Combine data and problems to advice relevant measure to solve problems. Come to some conclusions in final.
Keywords: GDP, international trade, CNY internationalization, the Special Drawing Rights, opportunities and challenges.
Title: Opportunities and Challenges of China after CNY Internationalization
Author: Mi Yinjia
International Journal of Management and Commerce Innovations
ISSN 2348-7585 (Online)
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