... 一定程度的管理控制 a measure of management control 严重的资本配置不当 gross misallocation of capital 4万亿中的绝大部分 the vast bulk of the 4 trillion ...
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gross misallocation of capital
资本的严重错配
以上为机器翻译结果，长、整句建议使用 人工翻译 。
The skeptics have a darker view: they believe distortions and waste, in no small part due to government meddling, have resulted in gross misallocation of capital and will end up pushing growth rates down well before 2020.
FORBES: China State Enterprises Advance, Private Sector Retreats
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