The nazis had a scheme to air drop fake notes into the UK during ww2, and I think the allies had similar schemes.
It’s not new, although I’m not familiar with anyone doing it with postage stamps.
Pratchett has done it though.
My initial assumption would have been one of those “we make literally everything and do it for super cheap” websites like Wish or Temu. It does seem like an odd direction for the chinese government to go, but as they are not russia I may give them the benefit of the doubt and assume there’s actually some strategy behind it, if they are involved.
It’s more likely they turned a blind eye, if they knew at all.
Also, the penalty for forging what is essentially currency is far too low.
“What’s King Charles gonna do about it?” Winnie the Pooh chuckles earnestly as he sips the world’s finest oolong.