Analysts believe most of the easy money has gone to State-sponsored projects and small and medium enterprises which employ more workers than big State firms, still find it hard to get credit.

分析人士认为，大多数低息贷款被投入到国家支持项目，且比国企拥有更多员工的中小型企业要获得贷款仍很艰难。

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We can observe a surprisingly small percentage of loans allocated to the non-state enterprises.

我们能够观察到相当小一部分比例的贷款被分配给非国有公司。

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The author consider that carrying out the share and cooperation system is effective ways to open and invigorate the state small enterprises.

作者认为，实行股份合作制是放开搞活国有小型企业的一种有效途径。

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Alternative lending is popular in China because state-owned banks tend to favour large companies, particularly state-owned enterprises, leaving small and medium-sized companies starved of credit.

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The government also reduced tax rates for small enterprises while maintaining tax rates for larger corporations, including state-owned enterprises.

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It analyses 85-90 per cent of the responses to the Final PMI from purchasing executives in more than 400 small, medium and large manufacturers, both state-owned and private enterprises.

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