问题源自中国政府2008年所实施的四万亿人民币刺激计划，这助长了大约14万亿人民币的信用创造 — — 也支撑了固定资产投资特别是基础设施和房地产开发的快速增长。
The problem stems from the CN¥4 trillion ($660 billion) stimulus plan that the government launched in 2008, which fueled the creation of about CN¥14 trillion worth of credit – and supported a rapid increase in fixed-asset investment, especially in infrastructure and real-estate development.