what is the effect of rmb’s internationalization

what is the effect of rmb’s internationalization
We all notice that the international standing of China is becoming more and more important. Please do a research about the effect of the internationalization of Chinese currency RMB. In the research paper, you should connect the most recent news about RMB(like joining the SDR of IMF). And what will the effect to domestic economy of China and international effects(like the effect to US Dollars and Euro) In this research paper, you should also have your own strong thesis and prediction of the trend of RMB in the future.