China is only an industrial super power because they keep their currency fixed.
Perhaps by "fixed" you mean importing USD inflation and creating money from nothing as fast as helicopter Ben?
Anyway, there are a few other factors that are involved, no matter what you might mean by industrial super power.
I have heard that the PRC is starting to see some inflation..
Ya think?
Take a look at real estate prices, real wages, or any other commodity over the last 20 years to get a feel for how much RMB is being printed.
All double digit annual inflation. Another index that shows monetary inflation is unadjusted GDP.