This “evergreening” of loans holds up the repair of the banking system and keeps zombie firms alive at the expense of more efficient competitors or new start-ups.

这种“风靡一时”的放贷阻碍了银行系统的修复，保住了那些奄奄一息的企业，却将那些更有效率的竞争者或新兴企业挡在门外。

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The race seems to be on in various sectors, with companies jockeying to get a leg up on the competition by announcing that they will start to expense options.

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