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China: Public Procurement – Opportunities and Challenges

 

China does not only have a huge private market that offers business opportunities. In various sectors public spending accounts for the biggest share of investment, offering interesting business opportunities. Stepping into the Chinese procurement market therefore seems tempting. However, access to this market is restricted by various PRC laws, regulations and policies. While China joined the WTO in 2011, it has not yet concluded its accession to the WTO Government Procurement Agreement. Before stepping into the PRC market, companies therefore must carefully assess whether their business set up allows for a successful competition in China.


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