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.

无疑，一项由国家掌控的消费热潮不能激起民众足够的消费信心，而且中国的经济仍然不平衡——储蓄太多、消费太少。

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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.

中国作为世界上少有的几个国家，其借贷规模在全球信贷危机爆发后不降反升——尽管部分借贷是在国家指导下进行的。

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And it also gave encouragement to those policy makers who are still trying to shake up their once-admired, state-directed, command economies.

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He thought that Japanese-style state-directed easy credit for Korea's chaebol (conglomerates) would allow them to expand indefinitely without worrying overmuch about profits.

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But a good deal of it is held in pockets known as sovereign wealth funds--state-directed investment pools whose money will not be welcomed if it portends control by mercantilist foreign governments.

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