On 1st October, RMB officially joined in the SDR currency of IMF, considering its significance and impact, ANBOUND"s Chief Researcher, Chen Gong, provides the following advices: (1). the US played a key role in involving RMB into the SDR; (2). there is no possibility for RMB overturning the position of US dollar; (3). IMF’s reforming of absorbing RMB as SDR currency will actually strengthen America’s international financial power; (4). China has to play its role with more responsibility, but China hasn’t prepared well yet, particularly the supporting macro policies; (5). Its long-term effect on RMB is still uncertain. Generally, it will cost China’s policies for more than 20 year to adapt to the change of RMB’s international position.
