According tothe situation in China, the reason for banks'low benefits and bad debts is not only thewrong system but also the ignorance of credit risk analyses.

就我国实际情况而言，银行经营效益低下，呆账、坏账增加固然有体制上的原因，但忽视信用风险分析和管理方法的研究，对信用等级进行不合理的度量也是一个不容忽视的原因。

The Southeast Asian Financial Crisis in 1997 is an alarm bell to us. It is the most urgent situation for us to handle the bad debts between the state-owned enterprises and commercial banks.

1997年东南亚金融危机再次给我们敲响警钟，因此化解国有大中型企业和国有独资商业银行的不良债权债务问题已经到了迫在眉睫的地步。