1 Impact of the process of internationalization of the RMB on the Chinese economyPositive impact Reduce the impact of exchange rate fluctuations on trade and lower the cost of foreign trade Promote

 Increase the internationalization of the RMB and strengthen its role as a global reserve currency  Attract more foreign investment and boost capital flows into China  Enhance the credibility and stability of the Chinese economy, leading to increased investor confidence  Increase the use of the RMB in global trade settlements, reducing reliance on the US dollar  Stimulate the development of China's financial markets and encourage financial innovation  Improve China's ability to manage and respond to global financial crises by having greater influence over the international monetary system.