It could be that China wants to debase its currency at an equal pace with the dollar.
Sure, inflation... In a command economy where prices, supply, and demand can be controlled by the government domestic lending can be as liberal as they wish. They also have a massive undeveloped geographic and demographic that can and will absorb much of the excess cash much of the money that trickles out of the urban areas will be used to build up farms, homes, and etc, thus adding value to capital assets rather than contributing to inflation. (Or rather a smaller percent of the money will contribute to inflation initially as it is reinvested rather than spent on consumer goods.)
But I thought the road to recovery was blowing trillions of dollars on government make work projects?
China has a whole new game plan.We are king of the hill and they are.