How did the PRC not cause inflation during the financial crisis of 2008-2009 when the government pumped 600 billion USD into the economy to build and develop infrastructure, housing and other projects rapidly?

Question

How did the PRC not cause inflation during the financial crisis of 2008-2009 when the government pumped 600 billion USD into the economy to build and develop infrastructure, housing and other projects rapidly?

In: 6

Answer 1

Presumably because their economy also grew at a similar rate. Money creation only creates inflation when it outstrips the demand for that new money.