Published: 9:00pm, 12 Aug, 2018 Updated: 3:14am, 15 Aug, 2018
Money printing firms in China are running at full capacity, as the country’s Banknote Printing and Minting Corporation increasingly wins contracts to print foreign currencies. Most demand comes from participants in China’s Belt and Road initiative, including those in Europe and Africa. An un-named source said Chinese yuan bills only made up a small proportion of orders. Demand for banknotes had fallen amid the rise of mobile payments, but some printing companies are now struggling with the rush of new orders. High power demands have also strained generating capacity. China did not print foreign currency until recently.