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As my country's foreign trade grew against the trend in the first half of this year, the process of "RMB internationalization" has also accelerated. According to foreign media reports, the Society for Worldwide Interbank Financial Telecommunication (SWIFT) will release the global payment share of various currencies in July this year on the 22nd of this month, among which the performance of RMB has attracted much attention. According to public information, as of June this year, RMB has been the "world's fourth largest currency" for eight consecutive months, which makes foreign media pay more attention to the latest performance of RMB.

In fact, SWIFT's attention to the RMB can be traced back to 2010, because it was in this year that China's GDP surpassed Japan and became the world's second largest economy. In the following years, it has continuously narrowed the gap with the United States. The proportion of RMB in the global total has also increased from less than 0.1% at the beginning of statistics to 4% now. This figure also reminds China that although the proportion of RMB in global payments has risen to fourth place, it is still far behind the United States in absolute terms. Fortunately, the growth momentum of RMB, which is in the position of "chaser", has not disappeared, and the growth momentum has not slowed down.

One of the core reasons is that the "epic sanctions" launched by the United States and the West against Russia have dealt a heavy blow to Russia's foreign exchange reserves, making the world aware of the power and serious consequences of "financial weaponization", forcing the countries of the "global south" to pay more attention to the security of their own assets. In other words, when the US dollar and US debt cannot reflect their own security, "foreign exchange reserve diversification" has become a top priority for many countries, including Russia.