China's Currency Is the New World Reserve

The chinese uan, or renmimbi, is the third most common currency reserve. The greatest that china has to push its currency on to the world stage is simply trade. Almost all international oil sales are done using american dollars. This means big oil exporting countries naturally build up large reserves of this currency. China also imports a lot of raw materials, fuels and pieces of machinery. All o these exports and imports present an opportunity for china to request that trade be done using their currency. They are also taking a more direct approach with their neighbors. A major infer structure project undertaken by the chinese government to provide trade infer structure to developing nations in their region.