There are many reasons! I'm here to give you some projects. The overheating of real estate (excluding now) leads to the inflow of hot money, so you need to print the corresponding currency. China's huge investment needs money, remember the trillion investment in 2008? It's not just local governments that borrow money from banks to invest. The monetary easing policy to deal with the financial crisis, credit supply 17 trillion yuan. China's high savings rate, foreign exchange system and hot money inflow are the basis of ultra-high credit. Ps: The reason of inflation in China is that the currency is oversupplied.