When RMB goes global, some things happen

As a financial journalist whose beat includes the monetary system and the central bank, I find the phrase "RMB internationalization" encouraging and confusing at the same time.

Encouraging because it holds out hope that China's increasing significance on the global financial stage will create more and more opportunities to write big-picture stories.

Confusing because the phrase, it seems, means many things to many people, and there's no consensus on its precise definition.