Business, Management and Accounting
8 years ago

New Government Procurement System in China Saves Money and Boosts Efficiency

Journal of Liaoning University
A Study of Agreement Procurement System,One of the Newest Government Procurement Ways in China
Dongdong Cai

Paper Summary

The Agreement Procurement System is a new way for the government to buy things in China. It helps save money, reduce costs, and make purchasing faster. China has been using this system since 2002 and has been expanding the types of products it can buy this way. However, there have been some problems with the system. The article looks at these issues and suggests ways to make the system better.

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