Chinese Money Plant

How to Grow Chinese Money Plant 2024

The pancake plant, also known as Chinese money plant, coin plant, or UFO plant, is a favorite indoor plant because it has pretty coin-shaped leaves and is easy to take care of. It comes from southern China and grows near the Himalayan mountains.

People usually grow it for its special leaves. Even though it can make small white flowers in the spring, it doesn’t usually bloom much when kept inside. Find out how to grow this nice indoor plant.

Common NamePancake plant, Chinese money plant, coin plant, UFO plant, friendship plant 
Botanical NamePilea peperomioides
FamilyUrticaceae
Plant TypePerennial 
Mature Size 12 in tall, 8 to 12 in. wide
Sun Exposure Partial
Soil Type Well-draining
Soil pH Acidic, neutral 
Bloom Time Spring 
Flower Color White 
Native Area China 

How to care for Chinese Money plant?

Chinese Money Plant

Taking care of this popular houseplant is easy, even though it might be a bit hard to find. Just give your Pilea peperomioides some bright light, water it every so often, and add a bit of food in the spring and summer. It will grow well.

Also, you can make more plants easily since the Chinese money plant is simple to reproduce. A healthy plant will make many new plants, and you can share them with friends or keep them for yourself. Once you have this pancake plant, you won’t need to buy another one!

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Light

The Pilea peperomioides plant likes medium to bright light that doesn’t come directly from the sun. Turn your plant around regularly to make sure it grows evenly. Don’t put it in places with strong, direct sunlight because that can harm its delicate leaves.

Even though this plant can survive in lower light, it won’t look as good. It might grow tall and thin, have fewer baby plants, and its round leaves might get smaller. This plant is healthiest and looks the best when it gets lots of bright light.

Soil

Plant your Chinese Money Plant in good soil that drains well. Use a high-quality organic potting mix that has peat or coir. Add perlite to the soil to help it drain better and prevent too much water. Aim for a soil pH between 6.0 and 7.0, as that’s what your plant prefers.

Water

This plant, which stays green all year round, likes a moderate amount of water. Let the soil almost dry out before giving it a good watering. If the leaves of Pilea peperomioides start to droop, it means the plant needs water.

Temperature and Humidity

The Pilea peperomioides is okay with the normal temperature and humidity in homes. Try not to make it too dry by keeping it away from hot air vents or baseboards.

The Chinese money plant can handle freezing temperatures, but when it’s inside, don’t let it get colder than 50 degrees Fahrenheit (10 degrees Celsius). However, a bit of cold in the winter might actually help it bloom.

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Fertilizer

Give your Pilea peperomioides plant fertilizer once a month in the spring and summer. Use a balanced, all-purpose fertilizer for better growth. Follow the instructions on the fertilizer label for the right amount. Don’t fertilize in the fall and winter when the plant is resting.

Types of Money Plant

Chinese Money Plant
Pilea Peperomioides, known as the Pilea or Chinese money plant. Green houseplant in the pot on wooden floor

The pancake plant or money plant, scientifically called Pilea peperomioides, doesn’t have specific types commonly sold with different names. But there are other plants called money plant that you might find:

  1. Golden pothos, also known as Epipremnum aureum, is a popular indoor plant.
  2. Marsh pennywort, or Hydrocotyle vulgaris, is a water plant with round coin-like leaves found in North Africa and Europe.
  3. Jade plant, also known as Crassula ovata, is a succulent from South Africa and is sometimes called money tree.

How to Pot and Repot Chinese Money Plant?

If you take good care of your Chinese money plant, it will grow quickly and fill its pot with roots and new plants. It’s a good idea to change the soil and move it to a bigger pot every year in the spring or summer. You can also remove some of the new plants if you want to.

When picking a pot for your plant, the most important thing is to make sure it has a hole at the bottom for water to drain out. The plant does well in plastic, ceramic, and terracotta pots. Just remember, if you choose a terracotta pot, you might need to water your plant more often because terracotta absorbs water from the soil.

Propagating Chinese Money Plant

People often call the Chinese Money Plant (Pilea peperomioides) the “sharing plant” because it’s easy to make new ones. The plant grows small plants called offshoots. These can come from the roots or along the stem where old leaves used to be.

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When the offshoots are a few inches tall, you can separate them from the main plant. If you want a bushier plant, you can leave them attached. Here’s how to do it:

  1. Gently dig around the offshoot’s roots with a clean knife or pruning shears.
  2. Cut the main root about an inch or two below the soil.
  3. Put the cut part into moist soil in a different container.
  4. Keep the soil moist, but not too wet, until the new plant has roots in the new pot.
  5. After that, water and fertilize it like you do with other plants.

Common Pests/Diseases of Chinese Money Plant

Chinese Money Plant

The Chinese money plant usually doesn’t have many problems with pests or diseases. However, if you’re growing it inside, watch out for common indoor plant pests like mealybugs, scale, fungus gnats, and spider mites. If you see these bugs, take steps to get rid of them.

How to Get Chinese Money Plant to Bloom

Grown-up Chinese money plants can sometimes make very small flowers on stems that come out from the bottom of the plant. These flowers aren’t very pretty, so many people who grow these plants just cut them off. This helps the plant use its energy for growing leaves instead. People who want to try growing the plant from seeds might encourage the flowers.

If you want your Chinese money plant to bloom, you can try putting it in a colder room during the winter. This change in temperature can sometimes make the plant produce flowers to reproduce. This doesn’t usually happen if the plant is already happy and growing well. Also, flowering mostly occurs in older plants.

FAQ

  1. Is it easy to take care of the Chinese money plant, also known as Pilea peperomioides?

    The pancake plant, also known as the Chinese money plant, is simple to care for. It just needs indirect light and water. If it’s doing well, it will grow new shoots, so you can have more plants or give them to your family and friends.

  2. What type of light does a pancake plant require?

    These plants like being in medium to bright light, but not directly in the sun. If they’re in direct sunlight, their leaves might get burned.

  3. How many times should I water the Chinese money plant?

    Water a pancake plant once a week at the most. Watch for the soil to become dry and leaves to start drooping as good indications that it’s time to water it.

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