Interesting. However, i think Beijing would have to loosen more than the reins on the yuan. Some social reforms would have to be implemented as well. China has been buying out oil countries, such as Venezuela, politically and ideologically weak enough as to submit to the "generous" loan offers of a friend so different from the horrible gringos. Yet, that does not guarantee China's influence or respect on the region. Venezuela is on the verge of collapse and whatever influence China has now will collapse with it (and we are not even talking about the animosity most Venezuelans feel against anything Chinese).