Purchasing rules drafted

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Last updated at: (Beijing Time) Thursday, October 16, 2003

Purchasing rules drafted

China is stepping up the improvement of its fledging government procurement mechanism and widening the categories of goods and services through government procurement.

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China is stepping up the improvement of its fledging government procurement mechanism and widening the categories of goods and services through government procurement.

Meanwhile, the Ministry of Finance will work out a draft of the detailed implementing regulations of the Law on Government Procurement by the end of this year, said Zhou Chengyue, vice-director of the State Treasury Department under the ministry.

He said some of the major barriers to reforms on government procurement were trade monopolies and blockades between regions.

"The implementation of government procurement at the county level leaves much to be desired currently, and my ministry will work out specific rules in hopes to guide local government procurement," said Zhou at an international forum on purchasing, which was held between October 14 and 15 in Beijing.

"We also urgently need more professionals in the area, with ample experience and knowledge of international practices," he added.

Started on a pilot survey at selected cities from 1996, the government procurement mechanism is getting increasingly incorporated into China's market economy, bringing about an open, just and fair framework in line with international norms.

China's government procurement has climbed to 100.9 billion yuan (US$12.2 billion) as of last year, compared with 65.3 billion yuan (US$7.9 billion) in 2001.

However, government procurement accounts for quite a small share of China's gross domestic product (GDP), with only 0.1 per cent in 2002.

Zhou said there was enormous space for Chinese firms to become potential providers, as government procurement usually takes up around 10 per cent of a nation's GDP on an international standard.

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