chinas government procurement exceeds 2 ¥trillion in 2015
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

China's government procurement exceeds 2 ¥trillion in 2015

Arab Today, arab today

Arab Today, arab today China's government procurement exceeds 2 ¥trillion in 2015

National Congress
Beijing - XINHUA

China's government procurement jumped 21.8 percent year on year to 2.11 trillion yuan (over 300 billion U.S. dollars) last year, official data showed.

The figure is equivalent to 12 percent of the country's fiscal expenditures, or 3.1 percent of GDP, the Ministry of Finance said Friday in an online statement.

Both percentages rose from a year ago. The growth rate for government procurement in 2014 was 5.6 percent.

Procurement of goods, construction and services accounted for 31.2 percent, 52.9 percent and 15.9 percent, respectively.

Procurement of services saw the most rapid increase of 72.9 percent as local governments have been encouraged to purchase more services, such as legal counseling and cleaning.

Government procurement last year continued to prioritize energy-saving and environment-friendly products and favored medium and small companies, said the ministry.

The government spent big as part of efforts to stimulate the slowing economy. National fiscal spending expanded 13.17 percent from a year ago in 2015, data showed earlier.


Source : XINHUA

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

chinas government procurement exceeds 2 ¥trillion in 2015 chinas government procurement exceeds 2 ¥trillion in 2015

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

chinas government procurement exceeds 2 ¥trillion in 2015 chinas government procurement exceeds 2 ¥trillion in 2015

 



GMT 16:47 2017 Wednesday ,29 March

Asala feels more nostalgic for Syria

GMT 06:10 2017 Monday ,20 February

Tourism shows signs of recovery in Egypt

GMT 01:59 2017 Saturday ,02 September

April21st-May21st

GMT 23:09 2017 Monday ,04 September

Bahrain condemns North Korea's nuclear test

GMT 02:12 2017 Tuesday ,11 July

6 killed in market fire in Nepali capital

GMT 21:41 2017 Saturday ,27 May

Palestinian prisoners end mass hunger strike

GMT 12:11 2015 Wednesday ,21 October

Einstein's theory stands test of time
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday