This question is actually a false proposition. The reason why the Fed prints money is that there is not enough money circulating in the American market. The crisis facing China is not that the Federal Reserve is printing more money, but that the inflation rate in the United States is more than 5%. There is no high inflation in America at present.

For example, the ratio of RMB to USD is 1: 7, and one dollar can buy an egg in America. After the appreciation of RMB, it is 1: 5 against the US dollar. One dollar can always buy 1 egg in the United States, and there is no difference before and after. Therefore, China people are worried that the United States will implement a malicious high inflation policy and devalue our dollar. As long as inflation in the United States is low, China need not pay too much attention to printing money.