I also see it as the beginning of an effort among the Chinese establishment to make amends with American politicians in regards to the Chinese currency situation.American politicians wish to gain more fiscal maneuvering room without overly upsetting the CCP. The CCP may be willing to go along in a limited fashion in return for major concessions. This can be best interpreted as part of that ongoing process.They can not do that to the Chinese so China is giving the world an alternative trade currency.