China has been creating out of thin air plenty of Yuan/Renminbi over the last several years and it looks like they will be creating plenty more over the coming years. I wouldn't be surprised that at some point there is a rising prices problem in China and a lot of unhappy Chinese. I don't have a sense for when though.
This Alex Wallenwein is one smart cookie and has written a couple of articles about China and its fiat token.
CHINA'S DIRTY TRICK
CHINA: From Revolution to Revaluation