Date
16 November 2018

China gets tiny fraction of UN procurement, paper says

China plays a far less significant role in global procurement despite being a world factory, Economic Information Daily reported Monday, citing Zhang Wei, vice chairman of the China Council for the Promotion of International Trade. United Nations procurement is worth as much as US$15 billion a year but only 1 percent of the orders goes to China. Of the 6,000 UN-registered suppliers, only 150, or 2.5 percent, are Chinese firms, the report said. However, about 20 percent of the orders are made in China, it said.

– Contact HKEJ at [email protected]

EL/AC/ RA

 

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