中国与中亚五国跨境贸易人民币结算的测度、困境及对策

贸易产品是影响跨境贸易结算货币选择的因素之一,不同产品特性对其影响也不相同.本文通过文献梳理将此影响归纳为产品同质性、异质性及替代性与跨境贸易结算货币选择的关联,并据此形成相应的选择标准.基于选择标准测度可以发现,中国与中亚五国跨境贸易人民币结算优劣势并存,面临着三大困境,即买方谈判优势与进口产品同质性的困境;出口产品...

Measurement,Predicament and Countermeasures of RMB Settlement in Cross-border Trade between China and the Five Central Asian Countries

Trade products are one of the factors that affect the choice of currencies in cross-border trade settlement,but different product characteristics have different effects on them. Through literature review,this effect can be summarized as the relationship between product homogeneity,heterogeneity,and substitutability and the choice of currencies cross-border trade settlement,and the corresponding selection criteria have been formed accordingly. Based on the measurement of selection criteria,it is found that China and the five Central Asian countries have both advantages and disadvantages in RMB settlement in cross-border trade,facing three dilemmas which are those of buyer’s negotiation advantage and the homogeneity of imported products,the heterogeneous advantage of export products and the lack of own technology and the substitution advantage of export products and the insufficient competitiveness of RMB. Those dilemmas are not conducive to opening up a path for economic entities to independently choose RMB settlement for cross-border trade. Therefore,the internationalization of RMB requires the use of the scale effect of cross-border trade,product technology content,complete infrastructure,sufficient liquidity,low transaction costs and risks,and ease of using to enhance its competitiveness,making it become the dominant currency gradually in regional trade.