China's debt burden has often been a topic involving intense discussion. According to Standard Chartered Bank(SCB), China’s overall debt has been up to 251% of China’s GDP by the end of June this year. ANBOUND think tank scholars insist that a pessimistic view upon China’s debt and the emergency in China’s need of deleverage, will prevent China from seeing the leeway in asset owners, which might further daunt Chinese government to adopt necessary measures to expose risks, blocking the way of solving problems and achieving market-oriented transformation. It is not the debt’s scale, but debt’s growth rate that is the key to determine whether China’s debt issue is serious or not. The growth rate reflects mechanism problems in China’s economy and market, and meanwhile growth problems of debt.