xi's moments
Home | Macro

China increases gov't procurement in 2020: Ministry

Xinhua | Updated: 2021-09-05 15:30

Workers make face masks at a health care gear production factory in Shanghai, Jan 31, 2020. [Photo/Xinhua]

BEIJING - Government procurement in China rose 11.8 percent last year as it played an increasing role in supporting economic and social development, showed data from the Ministry of Finance (MOF).

The value of national government procurement reached 3.7 trillion yuan (about 572.5 billion US dollars) in 2020, the MOF data showed.

The amount accounted for 10.2 percent of the national fiscal spending and 3.6 percent of China's economic output.

Government purchase has aided the development of green industries, small businesses and poor regions, according to the ministry.

Micro, small and medium-sized enterprises signed contracts worth 2.8 trillion yuan in government purchase last year, accounting for 75.5 percent of the total purchase value, the data showed.

Global Edition
BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349