At present, on the issue of economic development, the Chinese Central and local governments are facing major financing "contradiction", and the Central Government's policies of capacity reduction, de-stocking, de-leveraging, cost reduction and improving underdeveloped areas have limited the local debt financing space. In the future, the Central Government will impose stricter restrictions on local debt, and the restrictions will become more and more systematic. As per the regulations set-up by Document No. 84, the local governments must first understand the situation and grasp the policy trend; secondly they need to change the development of ideas, and move from investment in the development zone, debt financing to catch GDP, and land financing to increase the local taxes. The third is to focus on shifting the resources to the most important political and economic goals. Fourthly, they should pay attention to make the environmental conducive of enhancing government services. Fifthly, they should "lobby" high-level government to adjust the assessment objectives.