''China continues to push for renminbi internationalization''

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"Internationalization of a country's currency refers to its private and official uses, as a unit of account, medium of exchange and store of value by other countries not only in transactions with that country but also with each other.

China, the world's second largest economy, continues to push cautiously but persistently for the renminbi's (RMB) internationalization as part of its grand design toward ending the global economic dominance of the US"