Is China printing money?

I've been hearing rumors lately that China is printing money excessively. Could you please clarify this matter for me? Is there any truth to the speculation that China is increasing its money supply at an unprecedented rate? I'm worried that such actions might lead to inflation and destabilize the global financial system. Given your expertise in the field of finance and cryptocurrency, I'd appreciate your insight into this matter. Are there any signs that China's monetary policies are causing undue concern or are they being managed responsibly? I'm eager to hear your thoughts on this complex and timely issue.