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China has ample room to expand the global use of renminbi through trade and commodity settlement, supply chain finance and offshore market development, senior economists said, adding that the process will be gradual and largely hinges on continuing financial market reforms across the globe.

经济学家表示，中国在通过贸易和大宗商品结算、供应链金融以及离岸市场发展来扩大人民币全球使用方面拥有充足空间。他们指出，这一过程将是渐进的，并在很大程度上取决于全球金融市场的持续改革。

As the existing US dollar-dominated architecture sees an erosion of global trust and buckles under the strains of geopolitical conflict and the weaponization of financial infrastructure by some countries, the internationalization of the renminbi will help make the global monetary system more inclusive and resilient, they said.
他们认为，在当前以美元为主导的体系面临全球信任侵蚀，并在地缘政治冲突和部分国家将金融基础设施武器化的压力下举步维艰之际，人民币国际化将有助于构建一个更加包容和更具韧性的全球货币体系。

In an exclusive interview with China Daily, Zhu Min, former deputy managing director of the International Monetary Fund, said the trend of renminbi internationalization is “unstoppable”, and the technical pathway is “already mapped out”.
国际货币基金组织前副总裁朱民在接受《中国日报》专访时表示，人民币国际化的趋势“不可阻挡”，技术路径“已经铺就”。

Zhu pushed back against a long-held assumption that the renminbi could not become a major international currency without full convertibility and a fully liberalized capital account. “We need to correct this old mindset,” he said.
朱民反驳了一种长期存在的假设，即人民币在没有实现完全可兑换和资本账户完全自由化的情况下，不可能成为主要的国际货币。“我们需要纠正这种旧的思维定式，”他说。

He pointed to the IMF’s Special Drawing Rights basket, a collection of five major international currencies that gives the renminbi a 12.48 percent weighting after the dollar and the euro, as proof that such constraints are not necessarily insurmountable.
他援引国际货币基金组织特别提款权货币篮子为例，该篮子由五种主要国际货币构成，人民币以12.48%的权重位列美元和欧元之后。他认为，这证明了上述制约因素并非不可逾越。

Expanding the use of the renminbi in cross-border trade settlement serves as a viable and crucial pathway toward its further internationalization, experts said.
专家表示，扩大人民币在跨境贸易结算中的使用，是其进一步国际化的可行且关键路径。

“For a currency to become truly global, settlement is a critical gateway,” said Miao Yanliang, chief strategist at China International Capital Corp. “And in that respect, China‘s trade leverage is growing.”
中国国际金融股份有限公司首席策略师缪延亮表示：“一种货币要真正实现国际化，结算是一个关键门户。在这方面，中国的贸易优势正在不断增强。”

Miao noted that China is the world’s largest trading nation and largest crude oil importer, as well as a dominant consumer of copper, iron ore and soybeans. “That trade position gives China a unique advantage to gradually enhance the