Reserve Bank of Australia and The Peoples Bank of China to go around USD for trade !!!

Well, using the Yan as a option for settling international debts is not a bad idea if was not for the nature of the Chinese government. If people are becoming so quick to trade one master for another, choose your master wisely. If you think that America is quick to put the screws to other nations, China is worse. China is the bully of Asia. Just ask any nation in east or south east Asia about what it is like to deal with China. When the Chinese government wants something, they are real quick to roll out the military and threaten total war. They float into other nation`s waters and cause trouble. They bully other nations politically and when all else fails they simply start buying your natural resources until you have no choice but to give them what they want.

The government is China is no better than the Federal US government.