China's push for the internationalization of the renminbi is not a new thing, but many may not be clear about the specific results. Here are a few numbers:

- The proportion of cross-border transactions settled in renminbi has soared from 15% to 33%

- Renminbi reserves along the Belt and Road have doubled, and the usage rate of renminbi in China-ASEAN trade is nearly 50%

- INE renminbi crude oil futures now account for 5%–10% of global crude oil futures trading volume.