China: China’s 2018 government procurement up 11.7 pct

08 Sep 19: China's government procurement went up 11.7 percent year on year to 3.59 trillion yuan (about 507 billion U.S. dollars) in 2018, official data showed. The figure is equivalent to 10.5 percent of the country's fiscal expenditures, or 4 percent of GDP, according to the Ministry of Finance (MOF). The growth of the procurement scale slowed down compared with the 24.8-percent rise in 2017. Procurement of goods, projects, and services accounted for 22.5 percent, 43.8 percent, and 33.7 percent, respectively.