>And yet they keep borrowing from state-run banks to build more factories, leading to extensive overcapacity. Are state banks not able to exercise some indepen

>And yet they keep borrowing from state-run banks to build more factories, leading to extensive overcapacity. Are state banks not able to exercise some independence and judgment in terms of evaluating the risks of lending here and ... just say no? Or do they need someone at the top to of government to do that for them?