As for the article, the Chinese are muscling in at the IMF with their renminbi currency to get them voting power at the IMF.
The renminbi’s share of international payments has fallen below 2% and the share of global foreign exchange reserves held in renminbi-denominated assets has plateaued at about 2%.
https://www.brookings.edu/articles/the-renminbi-rises-but-will-not-rival-the-dollar/