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The Impact of the CBDC on the Renminbi
Renminbi internationalization can include floating more Renminbi bonds/nPBOC has strong relationships with numerous countries/nThere is an overlap between central banks with CBDC plans and PBOC's spotlight network/nRenminbi can be internationalized through FX swap and funding markets/nEvidence shows more commodity trades and trade finance settled in Renminbi/nRenminbi's share of trade finance has increased from 1% to 5% in a year