On December 28, the Ministry of Finance and the Ministry of industry and information technology formulated the administrative measures for Government Procurement to promote the development of small and medium sized enterprises. In principle, small procurement projects (goods and services procurement projects with less than 2 million yuan and engineering procurement projects with less than 4 million yuan) are reserved for small and medium-sized enterprises. More than 30% of the total budget of the procurement projects exceeding the above amount shall be reserved for the procurement of small and medium-sized enterprises. The proportion reserved for small and micro enterprises shallRead More →
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