Local SOEs seem to be edging toward reform

'Mixed ownership'of State firms could be role investors hoped for ZHENG YANGPENG

The buildup of China's local government debt is a constant source of worry for China watchers, but it can also be an opportunity for private investors.

Many local governments are considering spinoffs of some State-owned assets to alleviate their mounting debt repayment pressure, according to the Economic Information Daily, a newspaper under the Xinhua News Agency.