Group 1: International Monetary System Changes - The diversification of non-US dollar currencies is becoming a trend, with emerging technologies like blockchain rapidly applied in digital currency development [1][4] - The ongoing "de-dollarization" process is still under observation, but the evolution of the international monetary system presents development opportunities for currencies like the RMB [1][5] - The weakening of the US dollar is attributed to multiple factors, including its overvaluation and concerns about the US fiscal situation, leading to a 10% depreciation compared to early 2025 [4][5] Group 2: Economic Outlook and Trade - The international economic and trade situation is influenced by US tariff policies and the rapid development of artificial intelligence, with a more positive outlook for the Asia-Pacific region than initially expected [2][3] - Despite external uncertainties, China's foreign trade is expected to remain stable, showcasing resilience and vitality [2][3] Group 3: ASEAN and Regional Cooperation - The ASEAN economies have experienced a slowdown this year but are expected to maintain stability, with discussions on enhancing resilience against external challenges [3] - The "ASEAN+3" region (ASEAN plus China, Japan, and South Korea) is identified as the fastest-growing economic area globally, with significant potential for investment and trade growth [3] Group 4: Digital Currency and Financial Opportunities - The rise of digital currencies presents significant opportunities in inclusive finance and cross-border payments, potentially reducing costs through a unified blockchain network [5][6] - The challenge of maintaining financial stability and preventing illegal activities in the context of digital currencies is a pressing issue for countries [6] Group 5: Central Bank Digital Currencies (CBDCs) - Central bank digital currencies are in an exploratory phase, with developed countries focusing on wholesale CBDCs while emerging markets aim to support digital payments [8] - The development of CBDCs varies by country, with a cautious and steady approach observed in their research and application [8] Group 6: RMB Internationalization - The internationalization of the RMB is influenced by China's high-level openness, stable economic growth, and deepening financial markets [9] - The gradual process of RMB internationalization is affected by the inertia of the international monetary system and external factors, such as US policy changes [9][10]
专访东盟与中日韩宏观经济研究办公室（AMRO）首席经济学家何东：国际货币体系存在较大网络效应 数字货币兴起带来显著机遇
Zheng Quan Shi Bao Wang·2025-10-31 06:58