China's Audit Office predicted that the total size of China’s local debts is likely to exceed 20 trillion Yuan after conducting a comprehensive evaluation on the fiscal situation of the country. Anbound’s researcher pointed out that the debt size will, on one hand,stimulate attentions from all parties and hence, facilitate the introduction of related responses; while on the other hand, it calms the market. The local government should note that a series of policies and regulations will be launched after the auditing process ends.