渣打经济学家：人民币国际化进程加速，跨境支付体系有望建立

Core Viewpoint - Standard Chartered Bank's Chief Economist for Greater China and North Asia, Ding Shuang, stated that China's "strong RMB policy" has taken shape, aiming to enhance the RMB's status in the international financial system and ultimately make it one of the leading currencies [1][4]. Group 1: RMB Internationalization - The RMB internationalization process is expected to accelerate in the coming years, supported by macro and structural policies from China [4][5]. - China will emphasize innovation-driven growth and improve labor productivity to enhance economic resilience and growth potential [4][8]. - The country plans to strengthen financial infrastructure and expand the use of RMB in international trade, investment, and financing [4][5]. Group 2: Economic Transformation - China's economic strategy has shifted from short-term risk management to long-term economic transformation, focusing on improving labor productivity and fostering new growth engines [8][10]. - The trade surplus for China exceeded $1 trillion in the first 11 months, significantly supporting economic growth, with foreign trade contributing approximately 30% to GDP growth in the first three quarters [8][10]. - The service sector has shown stable growth, maintaining a growth rate of 5% or more [8]. Group 3: Future Economic Outlook - Ding Shuang predicts that global economic growth will reach 3.4% in 2026, with a shift in growth drivers from consumption to investment [11][12]. - Investment in sectors such as artificial intelligence, semiconductors, and integrated circuits is expected to support economic growth [12]. - The U.S. economy is projected to grow by 2.3% in 2026, with inflation levels anticipated to be higher than in 2025 [12].