Expert RMB internationalization may start from the Global South

Drawing an analogy from China's development experience, where progress often began in less-developed areas before expanding more broadly, RMB internationalization could follow a similar path — gaining traction in the Global South before wider adoption, Huang Yiping, dean of Peking University's National School of Development, told ChinaPerspective. He made the remarks during the Boao Forum for Asia Annual Conference 2026.