This report examines China's current RMB (renminbi) policy and its goals for full internationalization of the currency in the future to be used widely by other countries in international trade, international capital flows, and foreign exchange reserves. It argues that in the context of world trade pattern adjustment, RMB internationalization should be promoted, and through direct investment in the RMB, RMB overseas credit, and other methods of RMB capital outflows, the share of RMB-denominated settlements can be improved. It describes the indicators and data that take into account the global share of all functions of the RMB viewed as an international currency (the RMB Internationalization Index) and its rationale, development, structural analysis and changes, and comparison of the internationalization indexes of major currencies; the current situation of renminbi internationalization, including RMB cross-border trade settlements, RMB direct investments, securities investment, the RMB overseas credit market, the RMB in global exchange reserves, the foreign exchange and offshore markets, RMB exchange rates, and China's capital account openness; and world perspectives on RMB internationalization. It considers the impact of changes in international trade patterns on international currency substitution; trade balance and RMB internationalization, with discussion of the Triffin Dilemma, its origin, the future of convertibility, and arguments for internationalization of the RMB; changes in international trade patterns and the share of cross-border RMB trade settlements; why the share of RMB trade settlements is low; and policy implications. Annotation ©2015 Ringgold, Inc., Portland, OR (protoview.com)