The impact of the internationalization of the yuan on the global economy
The prospects for the internationalization of China's currency are associated with a whole range of problems. The vast majority of them are related to economic and financial strategies and situational environments, formed both by the government of the country and the international community. But partly the change in the status of the Chinese yuan also depends on the political situation and the development of geo-globalization processes. China's economic development poses a number of challenges for the country and the government. Most of them are associated not only with the strengthening of the economy and, accordingly, the national currency, but also with a whole range of risks. The key ones are the surplus of production, slowing down in recent years, growth rates, as well as the need to implement a set of measures aimed at market liberalization. Only by coping with them will it be possible to withdraw the national currency first into the reserve, and only after its successful establishment as such, China will be able to make it international. Most economic experts in the long-term point to the impossibility of a significant strengthening of the value of the yuan. And this is due to excess production capacity, as well as a poorly balanced real estate market. In addition, the global economy is experiencing a series of shocks that China will not be able to avoid. China will soon have to solve a number of social problems that will not have a very positive effect on macroeconomic development.