February 20, 2025 05:11 GMT
MNI BRIEF: China To Ensure Foreign Firms In Procurement
MNI (BEIJING) - China will support foreign firms through standardising government procurement activity to ensure equal access with Chinese companies, said Li Ji, a vice minister at the Ministry of Commerce on Thursday, noting the issue had become a concern of international enterprises.
Speaking with reporters, Li said the system will ensure products produced by domestic and foreign-funded firms in China can equally participate in public procurement.
China utilised CNY97.6 billion of foreign investment during January, a 13.4% year-on-year decline but a 27.5% month-on-month increase, data from the Ministry of Commerce showed on Wednesday.
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