If you’ve been paying attention you’ll know that RMB now stands for Ronald McDonald Bonds. This month, the American hamburger chain became the first non-financial foreign company to issue debt denominated in the Chinese currency. The exercise raised a tiny RMB200m, or $29m if you still think in passé American-dollar terms. But it follows a flurry (should that be a McFlurry?) of offshore renminbi activity centred on Hong Kong. That has led some to believe that Beijing has started an experiment whose eventual aim is internationalisation of the renminbi and its establishment as a reserve currency to compete with the dollar.
如果你一直保持关注，就会知道目前RMB代表的是麦当劳债券(Ronald McDonald Bonds)。本月，这家美国汉堡连锁店成为首家发行人民币债券的非金融外国公司。此次发行规模仅有区区的2亿元人民币（以过时的美元价值衡量，合2900万美元）。但在此次发行之前，离岸人民币交易在香港已经十分活跃。这使得一些人相信，manbetx3.0 政府已展开了一场实验，其最终目标是实现人民币国际化，并成为储备货币，与美元竞争。