BEIJING - The Chinese government will collect more from State-owned enterprises' profits as the current payout level was "too low," the China Securities Journal reported Wednesday, citing a statement from the Ministry of Finance.
The current profit payout level of 5 to 10 percent was not great enough to curb blind investments made by state firms, the ministry said.China collected 98.87 billion yuan ($14.5 billion) from state firms' profits in 2009, up from 44.36 billion yuan in 2008 and 13.99 billion yuan in 2007
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