Whilst the reality is that ultimately, this will all end in hyperinflation as this us the only way the US has to deal with the astronomical debt without the US government defaulting, which just isn't going to be allowed to happen. What major powers and creditors of the US such as China make of this is another matter.
China is moving out of this game, reducing the investment in USD by having more different currencies. This is already annoying the US government a lot.
But if you invest in the stock market, is only smart move to diversify the basket of stocks so China is doing the right thing.
Let's see next 6 months.