Internacionalizace čínského renminbi a jeho měnící se postavení ve světové ekonomice po roce 2016

This master’s thesis examines the internationalization of the Chinese renminbi and its changing position in the global economy after 2016. The aim of the thesis is to evaluate the process of renminbi internationalization, with a focus on the instruments and strategies supporting this process, its share in foreign exchange reserves, and its role in the global payment system. The thesis is based on a combination of quantitative and qualitative methods. It primarily relies on the secondary analysis of data from Chinese and international institutions, the comparison of major global currencies, and case studies of selected internationalization instruments. Particular attention is paid to developments after 2016, when the renminbi was included in the Special Drawing Rights basket. The findings indicate that the role of the renminbi has strengthened in recent years, particularly in trade finance and international payments. However, its position in foreign exchange reserves remains limited. The thesis identifies geopolitical changes after 2022 as key factors supporting the internationalization of the renminbi. In this context, Russia plays a significant role, increasingly using the renminbi in international trade, especially in the energy sector in the form of the so-called petroyuan. The internationalization of the renminbi is also supported by developing countries involved in the Belt and Road Initiative and by countries within the BRICS group. However, persistent capital controls and China’s political and institutional environment continue to constrain a more substantial strengthening of the renminbi’s global role.