After super-day debt default, this year has been destined to become China's first year to break the "rigid honor". ANBOUND research team believes that the central government might guide some of the local governments into systematic debt default and the most possible timing would be the second half of the year. According to the comprehensive reports from the audit institutions, the default will occur at the primary level of Yunnan and Guizhou provinces should it happen in the second half of the year. However, it is also possible to occur in other provinces.