> What would China actually need to do to make the RMB a global reserve currency? > The answer, it turns out, is a five-point plan that is conceptually straigh

> What would China actually need to do to make the RMB a global reserve currency? > The answer, it turns out, is a five-point plan that is conceptually straightforward, historically grounded, and politically impossible. The answer, based on western economic theory. There are other options. An illustrative example is that a military empire can mandate tribute paid in their currency, essentially forcing global adoption. China hasn't shown more of an inclination to economic incentive though. Tie belt-and-roads development to economic integration and RMB will be used, even if there are huge flaws as shown by the economic theory.