China is printing money, like everyone else. Tyler Durden of ZeroHedge writes,

“Here is the summary from the January credit stats:

• Total social financing: RMB 5070BN in January, vs. consensus: RMB 4200bn.

• New CNY loans: RMB 3340BN in January; consensus: RMB 3100BN.

• Outstanding CNY loan growth: 12.1% yoy in January vs December: 12.3% yoy

• M2: 8.4% yoy in January vs. consensus: 8.6% yoy, and above December's 8.2% yoy

Putting it in context, the total credit injection of more than 5 trillion yuan, or roughly $725 billion, in one month, was the single biggest on record.”[1]

Read the article.

[1]https://www.zerohedge.com/markets/china-injects-record-5-trillion-new-debt-arrest-economic-crash