The lending from the state-owned enterprises may have kept many private companies from going bankrupt.

国企转贷或许让很多民企避免了破产之忧。

youdao

It is one of the core problems to establish incentive mechanism of executive during our reform among the state-owned enterprises.

国有企业经营者激励是我国国企改革的核心问题之一。

youdao

And his family, Grandpa started to play leadership in the state-owned enterprises, the father is, he has successfully entered the state-owned enterprises.

而他家里，打爷爷开始就在该国企担任领导，爸爸也是，他自己也顺利地进入了该国企。

youdao

Rather than bracing themselves for sale, takeover or closure, the bigger state-owned enterprises in the region are pinning their hopes on bail-outs.

ECONOMIST: The other China

The only companies that had money back then were the large state-owned enterprises that were able to borrow all they wanted from the four large state-owned banks, or perhaps go public on one of the new stock exchanges in Shanghai and Shenzhen.

FORBES: New Sources of Capital in China

Many of the Chinese companies involved are privately held, like Shuanghui, as opposed to the big state-owned enterprises that often act on behalf of Beijing on the international stage.

WSJ: 'China's No. 1 Butcher' Turns to U.S.