Recently, data released by the international payment platform Swift shows that the share of RMB in international payments has increased from 36% to 461%, a record high. At the same time, the renminbi also surpassed the yen for the first time in the ranking, becoming the fourth most commonly used currency in the world. This result highlights China's breakthrough in international status, especially in the international field.
The reasons for this breakthrough are twofold. First of all, the rapid development of China's economy has made more and more countries willing to settle with China in their own currencies**. This shows that China's status and strength in the field of foreign trade are constantly improving, attracting more countries to recognize and accept the RMB. Secondly, the economic sanctions imposed by Western countries on Russia and other countries have caused some countries to turn to the use of RMB for ** payments, which also provides a boost to the use of RMB in the international payment system. This trend is not only a reflection of China's rising international status, but also a concern and resistance to the West's treatment of the rules governing the use of currencies in the international world.
In addition to the improvement of the international status of the renminbi, China's automobile exports have also recently surpassed Japan's to become the world's first. According to the data released by the Japan Association, China's automobile exports have reached 441 in the first 11 months of this year20,000 units, compared to 3.99 million units in Japan, this result is almost a foregone conclusion. It is also the first time since 2016 that Japan has lost the top spot in terms of car exports.
The rapid growth of China's auto exports can be attributed to two factors. First of all, China** has provided tremendous support to the automotive industry in terms of technology and policy, creating a favorable external environment for its development. Secondly, China's electric vehicles have obvious advantages in terms of performance and performance, which makes China's electric vehicles sought after by overseas markets, thereby driving the export growth of the entire automotive industry. This growth trend not only shows the potential of China's automobile manufacturing industry, but also reflects that China has huge room for development in exports.
According to the annual report released by the British think tank "Economic and Business Research Center"**, developing countries will promote the doubling of global GDP in the next decade or so, and directly catch up with developed economies. In this, China is expected to surpass the United States and become the world's largest economy around 2037.
This is based on the potential and strength of China's economic growth. Although there is still a certain gap between China and the United States in terms of total GDP, China has an absolute advantage in economic growth. With the growth of China's external demand and the continuous expansion of the domestic demand market, China's economy is rising rapidly. Although it will not be easy to counterattack the United States, the trend shows that the gap between China and the United States is gradually narrowing.
Although this is only a possibility, it also reflects China's potential and vitality in terms of economic growth from one side. If we can continue to promote reform and opening up and increase innovation, China's position in the global economy will become more and more important.
China's breakthrough in the international status of the renminbi and automobile exports, as well as being surpassed by the United States to become the world's largest economy in the next 14 years, all demonstrate the strong development momentum of China's economy.
Behind this series of achievements is the strong support of China's leading enterprises and the innovative efforts of Chinese enterprises. **The technical and policy support has provided a strong guarantee for the internationalization of China's automotive industry and currency, and has also brought a good demonstration effect to the development of other fields. The continuous improvement of Chinese enterprises in terms of independent innovation, product quality and cost performance has made China's cars and currencies gain recognition and trust in the international market.
However, the challenges cannot be ignored. The uncertainty of the global economic environment and the rise of international protectionism have brought certain pressures and risks to China's economic development. China needs to further optimize the business environment, strengthen intellectual property protection, and improve scientific and technological innovation capabilities to adapt to the requirements of the new normal of the global economy.
In short, the rapid development of China's economy and its rise on the international stage is a positive signal, and at the same time, we need to remain vigilant and constantly explore new ways to meet the needs of the times, so as to promote a more stable and sustainable development of China's economy. Only by continuing to move forward on the road of openness, cooperation and innovation can China go further on the road of sustainable development and achieve higher-level development goals.