Gov’t procurement exceeds 1 trillion yuan   

中国政府采购规模十年增十倍 去年逾八成公开招标

10年前的今天，中国颁布《政府采购法》。十年来，中国政府采购规模激增十倍，去年采购金额超过了1.1万亿元人民币。

Beijing (CNS) -- China's government procurement was higher than 1.1 trillion yuan (about US$173 billion) in 2011, according to statistics from the Ministry of Finance.

Open tendering for contracts has become the top procurement method, the ministry said. The value of open tenders in 2002 was 48.5 billion yuan (US$7.64 billion), 48 percent of the total procurement. Its value grew to 914.73 billion yuan (US$144.07) in 2011, or 81 percent of the total.

Some 660 billion yuan (US$103.95) has been saved over the last decade since the government procurement law was passed, said Wang Baoan, vice minister of finance.