China plans to increase
its government procurement in 2005 to 250 billion yuan (approximately
30.12 billion US dollars), up 25 percent over last year, to regulate
government spending, according to a report on the central and
local budgets.
"The government procurement system will be expanded
to include all government bodies, institutions and people's organizations
at all levels," notes the report concerning the implementation
of the central and local budgets for 2004 and on the draft central
and local budgets for 2005, submitted Saturday to the annual session
of the National People's Congress (NPC) for deliberation and approval.
The total government procurement exceeded 200 billion
yuan (some 24.18 billion US dollars) in 2004, resulting in a saving
of about 10 percent in the use of funds, the report says.
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