The Yuan is the US Dollar, they are basically the same currency since China pegs the RMB to the USD.

> and the Chinese government barely printed a single dollar

The Chinese RMB is pegged to the USD, so whilst they weren't printing money (to prevent their property market overinflating even more than it already did), it did fuck the country in other ways.

You can't have a pegged currency and not keep in step with the currency you're pegged to via both interest rates and liquidity, without causing a major economic crisis.

Not just that, but you have economies like India with a huge % of the world population that are booming just like China in 2008, actually China was coming to the end of it's bull run back then but India (and countries like Nepal and Bangladesh in its sphere of influence) are just getting started.