Of course, China stands to gain much from the renminbi’s emergence as an alternative international reserve currency, sharing in the “exorbitant privilege” that the US currently enjoys by virtue of the dollar’s global status. Beyond the convenience of conducting international transactions in local currency, China would be able to take advantage of seigniorage – safe in the knowledge that it would not face a balance-of-payments crisis.
当然，人民币成为国际储备货币，与美元共享货币全球地位带来的“过度特权”，这可以让中国获得巨大的好处。除了方便地用本币进行国际交易外，中国还可以利用铸币权——因为人所共知不会面临国际收支危机而得到的安全性。