Two of the world's three largest Banks by market capitalisation are state-directed Chinese ones.
全球市值最大的三家银行中有两家是中国国有银行。
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To be sure, a state-directed spending boom does not inspire deep confidence, and China's economy remains unbalanced-too much saving, too little consumption.
China is one of the few countries in the world where credit has accelerated since the start of the global credit crunch-though some of the lending is of the state-directed sort.