China increases gov't procurement in 2020: ministry
BEIJING, Sept. 5 (Xinhua) -- 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 U.S. 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.
Photos
- Dance show saluting traditional culture of the Song Dynasty makes its debut
- Village in SW China’s Yunnan embraces prosperity through agricultural tourism
- Eighth birthday for pair of giant pandas celebrated in Haikou, Hainan province
- Olympic gold medalists portrayed in Shanxi artist’s polymer clay sculptures
Related Stories
- China strengthens regulation of medicine use
- China to integrate student health education and all-round development
- Infographics: Highlights of China's whole-process democracy
- Rising living standard in China is important achievement -- Cypriot party leader
- China renews yellow alert for heavy rainstorms
- Cao leads 1-2 Chinese finish in men's 10m platform at Tokyo Olympics
- Aerial view of Hulun Buir in north China
- China’s youngest Olympian wins national respect for spirit
- China's Liu Shiying wins China's first Olympic women's javelin gold at Tokyo 2020
- Chinese inspired by athletes at Tokyo 2020
Copyright © 2021 People's Daily Online. All Rights Reserved.