Date
11 December 2017

China 2013 public procurement at over 20 trln yuan, report says

China’s total public procurement spending last year amounted to more than 20 trillion yuan (US$3.22 trillion), including government procurement worth an estimated 1.39 trillion yuan, National Business Daily reported Thursday, citing Cai Jin, vice president of China Federation of Logistics and Purchasing. Observers have been criticizing the nation’s public procurement mechanism, saying it doesn’t work properly due to corruption and unfairness. Industry participants see an open electronic platform as a solution to the problems, the report said. An electronic public purchase platform, China-cpp.com, has seen 22 trial participants make purchases worth 300 billion yuan since it went online in 2012. The platform launched on Wednesday a new e-commerce service to help small and medium-sized enterprises (SMEs) to join the market, the report said.

– Contact HKEJ at [email protected]

TL/AC/RC

 

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