In private they thought it could reach 40 percent to 45 percent with a precondition that improvements being made in legislation, judiciary system and enforcement to buttress the recovery and restructuring work.
Seeing that the enterprises were running and selling products as usual even with low capital and heavy historical and social burdens, they thought these enterprises could survive as long as their burdens could be removed. However, judging from the actual outcome, the NPL recovery rate was lower than 20 percent.