Under the pressure of money shortage, some local governments begin to raise money by making usurious loans via various channels, with interest rates ranging from 14% to 20%. Anbound scholars warn that, although the "Debt Economy" model in China will not crashed in the short term but it also will not last in the long term. Driven by the pressure to raise money, the local governments are making usurious loans in the midst of economy slowdown. Therefore, great attention is required pertaining to the issue of local governments' usurious loans.