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NOTHING IS PERMANENT EXCEPT CHANGE

China is printing money for countries like Poland and Brazil at ‘full steam’ as it tries to expand its influence on the global economy

  • China's money-printing industry is running at "full steam" for foreign clients including Thailand, Bangladesh, Sri Lanka, Malaysia, India, Brazil, and Poland, according to reports.
  • The printing is linked to China's Belt and Road Initiative, which has seen China build infrastructure and invest in about 60 countries in Europe, Asia, and Africa.
  • "A nation must have considerable trust in the Chinese government to allow it to print its banknotes," Hu Xingdou, a professor of economics at the Beijing Institute of Technology, told the South China Morning Post.
  • Beijing has been concerned that its enemies could use fake notes to disrupt its economy and has viewed the money-printing capability as being as important as its atomic bomb program.
 

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