SOE revenue targets show low expectations

Local governments have lowered their targets for revenue from State-owned assets for this year, reflecting the still-depressed prospects faced by local State-owned enterprises despite the economic growth getting back on track.

The Ministry of Finance on Wednesday published the fiscal budget plans of 29 local and regional governments for 2013.

Among those who have revealed their budget plans for State-owned assets, most are expecting less revenue from State-owned assets compared to 2012.