China's Global Rise: the Renminbi and the making of an international currency

Hosted by the Department of International Development

Online and in-person public event (Sheikh Zayed Theatre, New Academic Building)


Dr Gregory T Chin

Dr Gregory T Chin


Professor Kathryn Hochstetler

Professor Kathryn Hochstetler

This lecture will present why it has become imperative for China to increase the international use of its currency, the Renminbi (RMB), considering the growing reliance of the United States on economic warfare, including financial warfare, and the fracturing of the liberal global monetary order.

The focus is on mapping the internationalization of the RMB, particularly key recent breakthroughs in the preconditions for the RMB to function as an international currency. The primary agents in the making of the RMB into an international currency are China's Party-state, counterpart state agencies, and especially the participating market actors, Chinese corporate actors, the leading commercial banks and manufacturing-and-trading companies -- and their overseas partners -- who are increasingly using the RMB, internationally, for their economic transactions. RMB internationalization has entered a key phase, where pre-existing obstacles still have to be overcome, but where the gradual increases in the RMB's international use are also being met by profound changes in the global monetary order, namely the ongoing shifts to a more multipolar global monetary system and to digital currencies.

Meet our speaker and chair

Gregory T Chin is Associate Professor in the Department of Political Science, York University (Canada). He co-directs the Emerging Global Governance Project with Global Policy journal. He has published widely on the political economy of China and international money and finance. From 2000 to 2006, Chin served in the Government of Canada, Department of Foreign Affairs and International Trade, the Canadian International Development Agency, and the Canadian Embassy in Beijing.

Kathryn Hochstetler (@hochstet) is Professor and Head of Department in the Department of International Development at LSE. She has published widely on the emerging powers and their global roles, including as providers of development finance and in climate negotiations. 

More about this event

The Department of International Development (@LSE_ID) is a leading development studies department. Its Mayling Birney Global Scholars Programme honours late faculty member Dr Birney and aims to promote consideration of Greater China and the region's role in international development

Twitter Hashtag for this event: #LSERenminbi

Podcast & Video

A podcast of this event is available to download from China's Global Rise: the Renminbi and the making of an international currency.

A video of this event is available to watch at China's Global Rise: the Renminbi and the making of an international currency.

Podcasts and videos of many LSE events can be found at the LSE Public Lectures and Events: podcasts and videos channel.

LSE Blogs

Many speakers at LSE events also write for LSE Blogs, which present research and critical commentary accessibly for a public audience. Follow British Politics and Policy, the Business Review, the Impact BlogEuropean Politics and Policy and the LSE Review of Books to learn more about the debates our events series present.

Live captions

Automated live captions will be available at this webinar. Once you join the Zoom webinar, you will be able to show or hide the subtitles by clicking on the “Live Transcript - CC” button, from where you can also change the font size and choose to view the full transcript. Please note that this feature uses Automatic Speech Recognition (ASR) technology, or machine generated transcription, and is not 100% accurate.


Photographs are regularly taken at LSE events both by LSE staff and members of the media. Photographs from events taken by LSE staff are often used on LSE's social media accounts.


We aim to make all LSE events available as a podcast subject to receiving permission from the speaker/s to do this, and subject to no technical problems with the recording of the event. Podcasts are normally available 1-2 working days after the event. Podcasts and videos of past events can be found online.

Social Media

Follow LSE public events on Twitter for notification on the availability of an event podcast, the posting of transcripts and videos, the announcement of new events and other important event updates. Event updates and other information about what’s happening at LSE can be found on the LSE's Facebook page and for live photos from events and around campus, follow us on Instagram. For live webcasts and archive video of lectures, follow us on YouTube

LSE in Pictures is a selection of images taken by the school photographer.


If you are planning to attend this event and would like details on how to get here and what time to arrive, as well as on accessibility and special requirements, please refer to LSE Events FAQ.  LSE aims to ensure that people have equal access to these public events, but please contact the events organiser as far as possible in advance if you have any access requirements so that arrangements, where possible, can be made. If the event is ticketed, please ensure you get in touch in advance of the ticket release date. Access Guides to all our venues can be viewed online.

WIFI Access

LSE has now introduced wireless for guests and visitors in association with 'The Cloud', also in use at many other locations across the UK. If you are on campus visiting for the day or attending a conference or event, you can connect your device to wireless. See more information and create an account at Join the Cloud.
Visitors from other participating institutions are encouraged to use eduroam. If you are having trouble connecting to eduroam, please contact your home institution for assistance.
The Cloud is only intended for guest and visitor access to wifi. Existing LSE staff and students are encouraged to use eduroam instead.
From time to time there are changes to event details so we strongly recommend that if you plan to attend this event you check back on this listing on the day of the event.

This event will be streamed live on YouTube.


LSE Events LSEpublicevents

RT @LSEpoliticsblog: Ahead of next week's @LSEpublicevents discussion, @couldrynick and @jemgilbert ask: Can we imagine a model where digit…

18 hours ago

Reply Retweet Favorite

LSE Events LSEpublicevents

Tonight we have @RichardvReeves discussing his new book "Of Boys and Men" and what a a positive vision of masculini……

2 days ago

Reply Retweet Favorite

  Sign up for news about events