The religious angle is not relevant to this discussion. It's about the emergence of free markets in the Netherlands, and the results.
As for China, China invented a number of things, but failed to apply them like the West did. For one take on why, see the book "The Triumph of the West" by Roberts
https://www.amazon.com/triumph-West-J-M-Roberts/dp/076070850...
In modern times, China adopted free markets with spectacular results.
https://www.amazon.com/triumph-West-J-M-Roberts/dp/076070850...
It's been a long time since I read it, but as I recall the theses were that individual rights and freedoms coupled with things like the scientific method is what resulted in triumph.