Amidst all the background noise about possible trade wars and retaliatory measures, it seems like a good time to take a step back and reflect on one of the most emblematic representations of Chinese global 'soft power': the internationalization of the Renminbi ("RMB"). China's efforts to internationalize the RMB to date have been driven by the desire to ensure that the influence of China and the Chinese currency is commensurate with that of the world's second largest economy.