Create money would be more accurate as very little of the physical type is printed. It's created digitally by someone sat at a computer. But to answer your question, yes they have already created tons of new currency and a great deal of that they have pumped into their stock markets which are now back to the level they were before the coronavirus outbreak as you'll see if you press 1 Month at this link:
https://www.google.com/search?q=shan...hrome&ie=UTF-8
It's been done to create the illusion that all is well when it patently isn't with half their population having to operate under restrictions and their economy has ground to a halt.
I'm sticking to my theory they did release a mild virus as cover for administering bad vaccines.