Why Windows sets new created file's "created time" property to old time?

It's due to file system tunnelling, as explained by Raymond Chen:

"Why does tunneling exist at all?

When you use a program to edit an existing file, then save it, you expect the original creation timestamp to be preserved, since you're editing a file, not creating a new one. But internally, many programs save a file by performing a combination of save, delete, and rename operations (such as the ones listed in the linked article), and without tunneling, the creation time of the file would seem to change even though from the end user's point of view, no file got created.

As another example of the importance of tunneling, consider that file "File with long name.txt", whose short name is say "FILEWI~1.TXT". You load this file into a program that is not long-filename-aware and save it. It deletes the old "FILEWI~1.TXT" and creates a new one with the same name. Without tunnelling, the associated long name of the file would be lost. Instead of a friendly long name, the file name got corrupted into this thing with squiggly marks. Not good."