I saw someone on Twitter called “The Great Thinker” say:

This is the worst time to do so as the economy is in a recession.

This bit is hilarious, like what China couldn’t issue currency the way the US does if they really wanted to?

“China’s fiscal deficits have reached a tipping point,” said Gary Ng, a senior economist at Natixis. “There is more urgency to find alternative revenue sources . . . and taxing the wealthy and some companies creates a less direct economic impact on most residents.”