Can China Accept the Effects of Increasing Usage of RMB Globally?

I read an article in the Economist today which says that the Chinese government has a desire to increase use of its currency for international trade and finance. I must say I am really amazed by this desire because it simply means that the government must loosen its monetary policies, particularly those with regard to foreign exchange. For a long, long time, the government has kept a tight control on its monetary policies to promote export and for fear that foreign agents might manipulate the value of RMB. It isn’t easy to bring a large amount of RMB out of China and until a few years ago, it wasn’t even possible to exchange RMB to another currency freely in China.

With the about turn, it seems that the Chinese government has changed its mindset because increasing usage of a currency globally will without doubt mean that the particular currency must be revalued (something that the Chinese government has been dragging all the while because of its negative impact on export) and will be more susceptible to external manipulation (essentially losing absolute control of its currency). The Chinese government must be very confident that its huge reserves will be able to counteract any ill intent towards the RMB.