In that round of economic crisis, China was not greatly affected. First, at that time, the degree of marketization of China was not high, and its links with other countries were not high. Second, the country took decisive measures at that time.
This round of economic crisis is far more serious than the last one, because: first, China has a high degree of marketization and close ties with other countries, especially the United States, the source of this financial crisis; Second, this financial crisis is very serious, and it happened directly in the United States, the core of world finance; Third, before this crisis, China suffered from rare natural disasters for several years and has exhausted its vitality; Fourth, the current financial system is far more fragile than last time, because the more bubbles accumulate and the more financial derivatives there are, the higher the risk will naturally be.
To sum up, it is difficult to predict when the financial crisis will end, maybe 5-7 years, maybe longer. Tighten your wallet and work hard.