Core Viewpoint - The internationalization of the Renminbi (RMB) is a crucial strategy for China to enhance its international competitiveness and respond to external shocks, especially in the context of the ongoing adjustments in the global economic landscape [1][3]. Group 1: RMB Internationalization Progress - Since its initiation in 2009, the RMB has made continuous progress in trade settlement, commodity pricing, international financial transactions, and official reserves, yet its usage still lags behind China's economic scale and international influence [3]. - The acceleration of RMB internationalization is not only an economic necessity but also a key measure to enhance national financial security and strategic autonomy [3]. Group 2: Supportive Factors for RMB Internationalization - The continuous expansion of China's import and export scale, along with diversified market layouts, provides greater space for RMB cross-border payment settlements [5]. - The increasing proportion of RMB usage in energy and mineral trade reflects China's dominant position in the global supply chain, aiding the expansion of RMB applications in trade and investment [5]. - Improvements in the cross-border credit environment, including a decline in RMB interest rates, have led to a rapid growth in cross-border RMB loans, indicating significant potential for RMB usage in credit [5][6]. Group 3: Strategic Recommendations for RMB Internationalization - It is recommended to further expand the use of RMB in commodity pricing and settlement, leveraging China's advantages in energy, minerals, and strategic high-end industries [1][7]. - Expanding the RMB settlement network, particularly among developing countries and strategic partners, is essential for promoting RMB usage [7]. - Enhancing cross-border payment infrastructure and promoting the CIPS system's participation in global financial governance are critical for increasing the attractiveness of RMB assets [7]. - The proposal includes advancing capital account convertibility, market-oriented RMB exchange rates, and increasing gold reserves to bolster the international credibility of the RMB [7].