Demand for yuan notes is declining, but the printers are increasingly busy with orders for foreign currency. Photo: Bloomberg

Why other countries are giving China a licence to print money

Chinese state-owned firm winning contracts to print foreign currencies as country seeks to expand global reach and influence

Topic | China Society

Stephen Chen in Beijing

Published: 9:00pm, 12 Aug, 2018

Updated: 3:14am, 15 Aug, 2018

Demand for yuan notes is declining, but the printers are increasingly busy with orders for foreign currency. Photo: Bloomberg

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Stephen Chen

Stephen Chen investigates major research projects in China, a new power house of scientific and technological innovation. He has worked for the Post since 2006. He is an alumnus of Shantou University, the Hong Kong University of Science and Technology, and the Semester at Sea programme which he attended with a full scholarship from the Seawise Foundation.