Malaysia, China May End Trade in Dollars - WSJ.com Malaysia, China Consider Ending Use of Dollar for Trade BEIJING -- Malaysia's prime minister said China and his country are considering conducting their trade in Chinese yuan and Malaysian ringgit, joining a rising number of nations thinking of phasing out the dollar. "What worries us is that the [U.S.] deficit is being financed by printing more money," Mr. Najib said. "That is what is happening. The Treasury in the United States is printing more notes." .