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    • Member Info
      • Native Language:
      • Chinese
      • Home Country:
      • China
      • Current Location:
      • China

    • Join Date: Oct 2009
    • Posts: 179
    #1

    meanig of underlined sentence

    Dear all,

    How should I understand the sentence outlined below?

    Thanks in advance.

    To the extent that risk has been distributed, it is largely from state-controlled banks to other state entities in increasingly arcane ways. This distorts external perceptions of China’s solvency. State debt appears to be quite low by international standards (just under 20% of GDP) but when all government obligations are lumped together, the authors reckon it is actually 76%.

    • Member Info
      • Native Language:
      • British English
      • Home Country:
      • England
      • Current Location:
      • England

    • Join Date: Mar 2007
    • Posts: 119
    #2

    Re: meanig of underlined sentence

    Though I am neither an economist, banker or other financially minded person, I would suggest that the meaning could simply be expressed as follows:

    Some (but not necessarily all) risk undertaken by state controlled banks has been distributed mostly (but not entirely) amongst other state entities (whatever they are).

    Hope this helps.

    Uncle M (not a teacher)

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