The economy is growing at a high speed, while credit is spreading fast.. This is because the Chinese government has a lot of bad debts, the government has let it grow. This damage the development potential of China's economy. To resolve this problem, the first measure is to cut interest rates and implement more proactive fiscal policy. To curb future debt accumulation is also very important.

Resource:http://fddi.fudan.edu.cn/index.php?c=research&a=show&rid=381