China is just starting to do what the US has done for many decades- using these international governance organisations to project power and influence. As US power wanes China can be expected to exert more of this type of institutional power projection. The IMF added China and its Yuan to its exclusive list of reserve currencies in 2016 because China is now pivotal in terms of global trade and finance. Post GFC it was Chinas mercantile muscle that kept the USD based fiat debt monetary system afloat. China was and remains the only official reserve currency issuer that is not both monetarily and militarily subservient to the USA. We are seeing a decline of US hegemony and the rise of Chinese empire. Not content with increasing influence over legacy western imperialist international institutions and protocols China is increasingly building its own...like CIPS and mBridge and China Development Bank which already finds far more international infrastructure than the World Bank.