Steady Progress in RMB Internationalization.

The article discusses the issue of renminbi (RMB) internationalization. Internationalization of China's currency is part of its opening-up strategy and foreign trade expansion efforts since its membership in the World Trade Organization. In April 2012, an offshore yuan center opened in London, England marking RMB expansion in Europe. The rationale of RMB internationalization, the drive to ensure RMB liquidity and an outlook on RMB's performance in the international market are further discussed.