A Study of RMB Internationalization Path Based on Border Area Perspective

Table 1

Indicator system of influencing factors for RMB internationalization path in border areas.

First class indicators		Second class indicators		Correlation	Variable type
Name	Code	Name	Code
Demand for RMB	M	Cross-border RMB business settlement amount	kj	—	Explained variable
Overall revenue	Y	Local GDP	gdp	Positive correlation	Explanatory variable
Opening-up scale	X	Total volume of foreign trade	trad	Positive correlation
		Foreign direct investment amount	fdi	Positive correlation
Wealth conditions	R	Balance of deposits and loans in domestic and foreign currency for financial institutions	fina	Positive correlation
Price change		Consumer price index	cpi	Negative correlation