Higher procurement
By Ding Yining |
November 5, 2012, Monday
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Print Edition
Print Edition
CHINA spent 1.13 trillion yuan (US$179.4 billion) on public procurement last year, taking up 11 percent of fiscal expenditure, an industry official said over the weekend.
This spending propelled China as the world's largest public sourcing market as the government injected more funds into education, public transport and energy, Cheng Yuanzhong, deputy director of the China Federation of Logistics and Purchasing, said at the launch of the China Public Procurement website in Wuhan, Hubei Province.
This spending propelled China as the world's largest public sourcing market as the government injected more funds into education, public transport and energy, Cheng Yuanzhong, deputy director of the China Federation of Logistics and Purchasing, said at the launch of the China Public Procurement website in Wuhan, Hubei Province.
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