China government 2011 procurement totals 1.13 trln yuan
时间：2012-06-30 05:44:47
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BEIJING, June 29 (Xinhua) -- China's government procurement1 amounted to 1.13 trillion yuan (179.37 billion U.S. dollars) in 2011, or 11 percent of the country's fiscal2 expenditure3, the Ministry4 of Finance announced on Friday.
The figure showed a huge expansion from the 100.9 billion yuan of 2002, when a government procurement law was first adopted,
Vice5 Minister of Finance Wang Baoan said at a ceremony celebrating the 10th anniversary of the law's introduction.
The
implementation6 of the law has helped save 660 billion yuan in fiscal spending over the past decade, according to Wang.
The vice minister said the government will push
administrative7 reforms to make its purchase more
transparent8, fair and effective, while improving related operations and
supervision9 systems to promote the credibility of government procurement.
He also pledged to further restructure government procurement
mechanisms10 in accordance with the Government Procurement Agreement (GPA) rules, to gradually open the
sector11.
The GPA is a voluntary
pact12 within the World Trade Organization that allows member countries to bid for public contracts in each other's markets.
China entered its first offer to join the pact in 2007, but it was turned down as the offer did not include local governments' spending.?
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