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In this process, the central government to local government budget constraint partial 'soft', but also for the local officials crazy debt facilitated. In China, once the local governments in financial crisis, the central government will reveal all the details as artificial local government provides implicit guarantees. Such assistance is expected to make local government borrowing costs and benefits of potential asymmetry, resulting in excessive local government borrowing impulse. Meanwhile, the local government decision-makers within the borrowed term debt, mostly to repay after the end of its term of office, which makes borrowing policy makers are not liable for the debt, which is bound to encourage local government borrowing initiative. Wei Jianing said, 'China is a unitary system, which is equivalent to a ship, the cabin is through the middle did not cut off. The reason why local government debt to rise so fast, but also because the ship of the central government will reveal all the details. We are breaking the head to borrow, no one is responsible for the future, a local government official term of up to five years, the term has no debt left to see this situation next came, certainly borrow, debt to future generations also. 'SBC is also reflected in the financial system. 'Local financing was first used by CDB loans, CDB is a policy bank, the loan period is relatively long, the cost is relatively low.' Wei Jianing said, 'it is supposed to be the policy of the bank to go forward, the fact that commercial banks to retreat on the contrary, commercial banks rushed to the platform loans mostly 'commercial banks and other financial institutions, state-owned holding enterprises, are inextricably linked with the local government, because government guarantees to banks and financial institutions in financing platform for the company or government-owned companies tend to relax the review criteria for funding. Statistics show that nearly 80% of local debt loans from commercial banks and other financial institutions. How to prevent debt risk? After repeated as appropriate after the beginning of October 2014, the State Council issued 'on the strengthening of local government debt management advice' (ie, No. 43 article). It is also considered authoritative document on local government debt issues so far the most comprehensive. The provisions of article 43, the stock of debt outstanding at the end of 2014 shall be reported in the January 5, 2015; from 2016 onwards, only by the provincial government