The Impact of RMB International on Pricing Power of China’s Bulk Stock

摘要

With the development of our economy, style="font-family:;" "=""> style="font-family:Verdana;">China has an increasingly demand for bulk commodities and become style="font-family:Verdana;">s style="font-family:Verdana;"> a net importer of many bulk commodities. However, China has little control over bulk commodity pricing and has to passively accept the prices, style="font-family:;" "=""> style="font-family:Verdana;">which damage style="font-family:Verdana;">s style="font-family:Verdana;"> the interest of our country badly. style="font-family:;" "=""> style="font-family:Verdana;">Adding the RMB to the SDR is the new start of internationalization of RMB, style="font-family:;" "=""> style="font-family:Verdana;">and brings the new opportunity for controlling over bulk commodity pricing. style="font-family:;" "=""> style="font-family:Verdana;">Based on a large number of the existing literature, this paper first takes point of view in the opportunities and challenges of the join of RMB to the SDR, style="font-family:;" "=""> style="font-family:Verdana;">then analyzes the mechanism of the bulk commodity and the situation of lack of bulk commodity pricing. style="font-family:;" "=""> style="font-family:Verdana;">Finally, style="font-family:;" "=""> style="font-family:Verdana;">this paper summarizes the internationalization strategy of RMB under the background of commodity pricing power and the influence of RMB entry into SDR on the pricing power of commodities in China.