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No debt. Hunan province more than 2,000 towns, debt face up to 88.2%. Zhejiang Lishui 194 towns, 161 there is a deficit, the coverage of nearly 90%. The article also reported that Henan is located in the hinterland of Stone Town, because of debt unable to pay wages, the town government has been paralyzed. In addition to the secretary and the mayor, other cadres to strike home. At that time, the town party secretary Lei Wei on the 'China Newsweek' reporter said, 'external debt as stone pressure on the body, people depressed, unmotivated consider the development.' In that cover story, Ministry of Agriculture, who has already retired Director Guoshu Tian told the 'China News Weekly,' 2000 China each township average debt of about 400 million. On this basis, China nearly 50 000 villages and towns, when the total debt should be 200 billion yuan. Today, ten years later, the local government debt has become China's most serious public agencies, local debt problems also developed into one of China's most intractable problems. Audit report for the 2013 audit of the national debt, as of end of June 2013, total local debt was 17.8909 trillion yuan. Which bears the responsibility to repay debt of 10.8859 trillion yuan, accounting for 60.85%; having warranty obligations for 2.6656 trillion yuan, accounting for 14.90%; bear some responsibility for debt relief was 4.3394 trillion yuan, accounting for 24.25%. Local government debt including the provincial, city, county, township-level government debt. The audit revealed that in 2013, this four government bears the responsibility to repay the debt was 1.7780 trillion, trillion 4.8434, 3.9573 trillion and 307 billion yuan, accounting for respectively 16%, 45%, 36%, 3%. Not difficult to find, four government debt burdens vary greatly, a larger proportion of city and county levels of government, both of which accounted for 81 per cent. June 2013 to date, the number of new local debt, there is still no exact statistics. However, the industry generally believe increment no less. Currently, the local debt the most prominent manifestation of this is a serious problem, and it is difficult to monitor effectively. According to Professor Ho Vader School of Economics and Management, University of Science and Technology Beijing, et al field research, the amount of debt the local Jiangsu, Guangdong, Zhejiang, Gansu, Anhui, Shanxi and other provinces far more than the official national average level of debt, and continue to show rising trend. According to He Vader introduction, many