Chinanews client, Beijing, October 17 (Peng Jingru, Cheng Chunyu and Li Jinlei) Since this year, in the context of the impact of the new crown pneumonia epidemic on global trade, finance and economy, the cross-border use of RMB has remained resilient and has shown growth.

But some US politicians threatened to forcibly cut off the settlement of RMB, Hong Kong dollar and US dollar. Is this really possible in the future?

　　Recently, Tan Yaling, president and chief economist of the China Institute of Foreign Exchange Investment, said in an exclusive interview with China News Agency that this extreme situation is more threatening.

Tan Yaling, president and chief economist of the China Institute of Foreign Exchange Investment, accepted an exclusive interview with China News Agency "China Focus Face to Face" to analyze the recent sharp appreciation of the RMB.

Photo by China News Agency reporter Zhang Xinglong

　　According to the "Renminbi Internationalization Report 2020" released by the People's Bank of China, the total amount of RMB cross-border receipts and payments in 2019 was 19.67 trillion yuan, a year-on-year increase of 24.1%, and continued to maintain rapid growth on the basis of the rapid growth of the previous year. A record high.

　　As of the end of September 2020, China’s foreign exchange reserves stood at US$3.14 trillion.

　　Tan Yaling believes that China is the largest country in foreign exchange reserves, of which the US dollar reserves account for the absolute majority, and the Hong Kong dollar is a linked exchange rate system, basically dominated by US dollars.

"For the liquidity of the U.S. dollar, the Hong Kong dollar and the renminbi are both very important support points. If the liquidity of the U.S. dollar is at risk because of the Hong Kong dollar and the renminbi, will Americans trouble themselves? This possibility is very small. "

　　She said that the US dollar is very hegemonic and powerful, but we must also see that from the perspective of the US economic background and economic structure, or economic logic, it is the country that lacks the most money.

Because the world's largest debtor country is the United States, which lives by borrowing money.

　　"The debt scale of the United States has reached 27 trillion U.S. dollars. If the relationship between the Hong Kong dollar, the renminbi and the U.S. dollar is severed, the Americans themselves will have trouble, and it will be a big trouble. Therefore, there are more possibilities for deterrence and intimidation. Some." Tan Yaling said. However, in the face of such extreme situations, we still have to follow up and observe to improve risk early warning.

(Finish)