BEIJING (Reuters) – China will actively and productively promote high-level opening up of government procurement to improve the business environment, an official said on Monday.
The country will improve transparency in government procurement to safeguard the legitimate rights and interests of suppliers in accordance with law, said Xu Hongcai, vice minister of finance, at the China International Government Procurement Forum held during the fifth China International Import Expo.
The value of domestic government procurement rose from 100.9 billion yuan ($13.96 billion) in 2002 to 3.64 trillion yuan in 2021, Xu said, adding that the figure for 2002 was 4.6 percent. of the country’s budgetary expenditure, while in 2021 the proportion had increased to 10.1 percent.
Xu said China has deepened international communication and cooperation in the field of government procurement and strengthened the construction of the international cooperation platform.
China seeks to work with all parties to build a broad international government procurement market characterized by fair competition and mutual benefit, according to Xu.