(August 16, 2012, New York) As China has become omnipresent and an imperative economy to collaborate with over the past three decades, its increasing economic global integration has led to a significant increase in its influence in the world economy. As the world's second largest economy, China is facing the inevitable process of internationalization of the RMB. The huge amount of economic activity and active foreign trades laid solid basis of the "international currency".
Internationalization was a spontaneous outcome of the marketplace for the rest of the world's major currencies, but China is breaking with history by making it official policy to steer the RMB on a path toward reserve currency status. However, this managed internationalization occurs at a time when China's financial development is still in a transitional phase featuring capital controls and other constraints on credit growth and allocation. Before RMB steps up to the pace of internationalization, definitely good lessons for China to learn from are the Japanese Yen's own international journey 20 years ago and the frustrations and risks of the process.
· What will be the ultimate benefits and costs of internationalization of RMB?
· What are the opportunities and challenges brought by internationalization of RMB towards Chinese and international enterprises?
· Is China up for the internationalization challenge? Which policy challenges Chinese authorities face as their pursuit of an internationalized renminbi threatens to undermine the effectiveness of their domestic financial market controls?
China Leaders Forum 2012, "Will the Chinese Tiger Come Roaring Back After the Crisis?", October 2nd, New York City, will provide attendees with the responses to the above-mentioned questions and the most up-to-date review of where the Asian giant stands and the challenges and opportunities for businessmen looking to expand their business with China when others only see growth contraction. Recognized experts, regulators, and strategists, will return to China Leaders Forum 2012 in its fourth edition to provide the information practitioners are looking for in an open and unbiased environment, highly conducive to the most efficient and effective networking.
China Leaders Forum 2012 is produced by Golden Networking (http://www.goldennetworking.net), the premier networking community for business executives, entrepreneurs and investors. Panelists, speakers and sponsors are invited to contact Golden Networking by sending an email to firstname.lastname@example.org.