Five big state-controlled utilities, including Huaneng and Datang, control 45% of the market and smaller state-controlled entities control another 50%.

包括华能和大唐在内的五大国有控股企业控制了电力市场45%的份额，而稍小一些的国有控股企业控制了电力市场的50%。

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To the extent that risk has been distributed, it is largely from state-controlled Banks to other state entities in increasingly arcane ways.

从这个意义上来说，风险只是以日益让人难以理解的方式是被分散了，从国有银行到其他国有机构。

youdao

To the extent that risk has been distributed, it is largely from state-controlled Banks to other state entities in increasingly arcane ways.

从这个意义上来说，风险只是以日益让人难以理解的方式是被分散了，从国有银行到其他国有机构。

youdao