Do you have a credible link to prove that China is printing money? because I am sure they are not doing any such misconducts. If they print money according to their own wish, they wouldn't go out to the world and distribute loans to the needy nations like Pakistan, Sri Lanka and Maldives among others. Printing money as per their own wish, will lead their economy in the same line as Venezuela or Zimbabwe. I am sure China will not take any such steps especially when they are aiming to become the strongest country in the world. So check your facts first!
It has been cleared up above that they're not printing money in this case, but it's inaccurate to say they're not printing money:
In a healthy economy, the economy itself grows faster than the money supply. In an economy being pumped up by financial and monetary stimulus, money supply tends to outgrow the economy. It is not a good thing. When the supply of money grows faster than the supply of goods and services in the economy, inflation and/or cross currency devaluation typically loom on the horizon. China’s economy has been pumped with unprecedented amounts of fiscal and monetary stimulus for a decade. In fact, it has created nearly $14 trillion more currency than the US in the last decade while growing its economy only $2.3 trillion more.
As for the virus' impact, at least on China's economy:
Financial regulators in the country have said they believe the impact on China's already slowing economy will be "short term".
One more thing to note is that people are scrambling to find a vaccine, and that
one is even ready for testing. It's easy to get lost in all the negativity, but with people starting to be aware (how to protect against it, what it really does, etc.), fewer people are going to be infected, and the outbreak is going to slow down. It's hard to believe that it's going to go on completely unchecked, and that's basically the only way it can have long-lasting impact to the economy.
