Basically, as China becomes relatively stronger, it will naturally become more internationalized.
The economic base determines the superstructure.
As the proportion of China’s total economic output in the world increases, naturally the volume of trade with the world will increase. Only then will China have money to engage in military research and development, and only then will it have money to exchange money for political territory, and its political status will improve. .
The trade volume has increased, and other major trading countries want to conduct swap transactions with the RMB without using the U.S. dollar as a third-party intermediary currency. For example, if China trades with Russia, and China converts RMB into U.S. dollars, and Russia converts rubles into U.S. dollars, there will be exchange rate risks. This extra move may cause losses to both parties due to changes in exchange rates; second, it will be a disguised form of To a certain extent, it has promoted the demand for US dollars and improved the political and economic status of the United States a little bit - this is also one of the direct reasons why the United States has dominated the world for 70 years after World War II.
And if there are more countries doing business with China and the business volume is large enough, people will increasingly feel the need to directly link or exchange with the RMB instead of using the U.S. dollar, thereby saving money. Exchange rate cost, time cost, political cost