Charting the Internationalization of RMB under RCEP: Post-Pandemic Challenges and Prospects

With the formal entry into force of the Regional Comprehensive Economic Partnership (RCEP), the use of Renminbi (RMB) for international trade settlement is becoming increasingly common, further accelerating the internationalization of the RMB. This trend is not only significant for the outward-oriented development of the Chinese economy but also provides a key driving force for the optimization of its internal economic structure. Against this backdrop, this paper examines the performance of RMB in international settlement, digital transformation, and financial markets under the RCEP framework in the post-pandemic era, while summarizing its current status and the challenges it faces. By offering optimized policy recommendations and forecasting future development paths, this study provides a new perspective for deepening regional economic cooperation and enhancing the global influence of RMB.