With this break of the IMF protocol on China’s inclusive currency, the central query lies in the understanding of ‘who needs whom more’- does the dragon need IMF more or vice-versa. Though on the surface, it broadly appears that China is more benefitted by getting accession into the IMF currency basket but there also appears an alternate perspective. Given the global economic influx, China’s economic stability has become a global need. It can be said so, as China’s economic growth and stability is deeply intertwined with that of global economic stability. Although US dollar still looms large in finance and trade, Chinese yuan has taken precedence over euro- making it a significant player in international finance. In this perspective, IMF’s decision to accommodate yuan in the economic power club is a strategic political decision. This can be strongly argued as after coming into effect in September 2016, renminbi will become one of the currencies to be used in the disbursement and repayment of international bailouts denominated in the fund’s accounting unit. China will be one of the prime actors to share the economic burden and safeguard the global financial stability. Given this accession, there remains no doubt that China which is often touted as an emerging economy has now emerged and is a significant player in the international monetary system as well as global economy. This also clarifies and dispels the ‘china threat syndrome’ as china with its economic rise has rather become a stakeholder in the international system. In this view, China’s greater role will also elevate China’s role as a responsible actor in the international stage.