China is considering the serious plans of using its Forex reserves for
expanding the operations like oil explorations outside the country.
Any country needs money when planning to do anything internationally and it is good for china to use the same currency world over as it sets free china to convert the currency from its own to other currencies. Analysts are expecting that China is going to accelerate its growth in future and is expected to compete in quality and international business effectively. It is in interest of China to use its pool of Forex for supporting the companies and subsidiaries overseas and generate more revenue from markets outside China