The total amount of national public procurement in 2023 is 46 trillion yuan

The central enterprise’s procurement amount is 13 trillion yuan, and through procurement, it directly drives the upstream and downstream of the industrial chain, as well as over 2 million large, medium, and small enterprises.

The China Federation of Logistics and Purchasing released the “China Public Procurement Development Report (2023)” today (10th) at the 3rd China Government Enterprise Procurement Digital Supply Chain Ecological Summit. In China, public procurement generally includes government procurement, engineering bidding, state-owned enterprise procurement, pharmaceutical procurement, etc., and is an important component of the consumer market.

According to the report, in 2023, despite insufficient effective demand, China’s public procurement market will use “real gold and silver” to address critical development and urgent needs for people’s livelihoods. The total amount of public procurement for the year is 46 trillion yuan, effectively ensuring the needs of national economic development.

According to the report, the total amount of public procurement in China in 2023 was 46 trillion yuan, a year-on-year decrease of 4.16%. With the acceleration of the construction of a unified public resource trading platform in China, the intensity of centralized trading, supervision, and data in the public resource trading market is constantly increasing. In 2023, there were 1.76 million transactions in the four major sectors of public resource trading engineering construction projects in China, including bidding and tendering, government procurement, land use and mining rights transfer, and state-owned property rights trading, a year-on-year increase of 17%; The transaction volume is 21.9 trillion yuan.

In addition, as an important component of China’s public procurement market, state-owned enterprises maintain a certain level of procurement expenditure. Among them, central enterprises have a procurement amount of 13 trillion yuan, which directly drives over 2 million households of large, medium, and small enterprises in the upstream and downstream of the industrial chain through procurement.

Hu Dajian, Assistant President of the China Federation of Logistics and Purchasing, pointed out that public procurement is actually the act of using public or fiscal funds to purchase goods and services. Government procurement can also play a policy role, including supporting small and medium-sized enterprises, including vulnerable groups and underdeveloped areas, and playing a supporting role in industrial policies.