Procurement Professional is the official publication of CIPS Australasia

China unveils procurement savings

10 Feb 2010

Source: SupplyManagement.com, 8th February 2010

The Chinese government saved close to 2 billion yuan (AUD$339.3 million) in 2009 through improved purchasing, state media service Xinhua has reported.

Despite increasing the government purchasing budget by 1.8 billion yuan (AUD$305.4 million) to more than 14.7 billion yuan (AUD$2.5 billion) in the same period, the government said it was making the money go further.

Centralised procurement helped government departments make “remarkable progress” in cutting spending last year, Chen Jianming, a director at the government procurement centre said at a conference in Beijing.

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