>nationalizing things that are a drain

Oh don't worry about that, Chinese banks have been making risk-free money for decades, propped up its stratospheric property bubble and almost exclusively lend to SOEs (these SOEs then mark up it and re-lend or bulk-buy condo towers, shadowbanking at its finest) and avoid the private sector, probably no banks elsewhere are more of a leech than them.

SOEs themselves are ruthless leeches.