China's problem is not that it “has too much money” it's that China's policies have and are squandering the capital resources they have, in order to artificially boost their GDP growth, because otherwise the peasants will riot and throw the communists out of office. Remember as a centrally planned economy, loans are not made on an economic basis, but on a personal basis, are you connected to the communists. Their banking system is thought to be holding huge amounts of non-performing loans. 2 years ago the made the majority of the globes toys, now something like 70% of those factories are closed.
At some point in time the credit bomb will burst, their currency will be forced to float and the Chinese miracle will evaporate. As will the politicians running the store and probably china as a single country.