Chinese CNY Diplomacy

RMB, official currency of China and also knowns as CNY or Renminbi, is welcomed by almost all other countries. Chinese leaders' diplomatic visits are often accompanied by business cooperations in the form of China buying goods such as airplanes with billions of US dollars. That is why we often read in Chinese papers that Chinese leaders are greeted so warmly by foreign countries. China is eager to gain good international reputation and be recognized as a responsible country with good human rights record and its Chinese-style democracy. And one method to realize this is to become other governments' customer. However, there is no precedent that money diplomacy would always work in the long run.