Yep, China is very worried that the US printing will export inflation and cause asset bubbles in China. The property market in T1 cities in China is already bonkers but if a truckload of free cash flows there, then RIP to the young people
Also, the stock market, fortunately the PBoC has sent strong signals from months ago that there is danger and the stock market got the message and has naturally come down from its previous record highs. However there is still danger and China must be extremely careful with the American's toilet paler currency
Xi is probably kicking himself for opening the capital markets the same period when the US is exporting inflation lol