In the first half of the year, 9 out of 31 provinces in China have exceeded fixed investment ratio against GDP in percentage; these provinces include Hubei, Jiangxi and Anhui from the central region, and Guangxi, Yunnan, Xinjiang, Ningxia, Qinghai, Tibet from the western region. Fixed investment's exceedance against the GDP signifies excessive debt ratio of local governments, which increases the burden of repayment and the risk of local economies in the macro-scale, constituting a test to the local finance and financing capability.