China’s Deputy Finance Minister: Willing to adhere to the right direction of economic globalization and trade diversification

China News Service, Shanghai, November 6 (Di Ziying) The 2026 China International Public Procurement Forum opened in Shanghai on the 5th. With the theme of "Sharing the Future of the Public Procurement Market - Institutional Innovation, Win-win Cooperation", the forum carried out policy dialogue and exchanged public procurement experience.

On November 5, the 2026 China International Public Procurement Forum opened in Shanghai. (Photo courtesy of the organizer)

Lin Zechang, Vice Minister of the Ministry of Finance of China, pointed out in his speech at the forum that in recent years, the Chinese government has continued to promote the reform of the government procurement system in depth, accelerated the revision of the government procurement law, gradually improved the functional system of government procurement policies, and strived to build a government procurement regulatory system with complete systems, clear rights and responsibilities, standardized and efficient, and strict supervision, and actively created a market-oriented, legal, and international government procurement business environment.

Lin Zechang said that currently international public procurement is undergoing profound changes, and major economies and international organizations have launched systemic reform measures to explore new paths for global public procurement governance. As the world's second largest economy, China has a huge government procurement market. It is willing to work hand in hand with global public procurement colleagues to adhere to the correct direction of economic globalization and trade diversification, and seek common development and share a future through open cooperation.

Data recently released by the Ministry of Finance of China show that the scale of national government procurement in 2025 will be 3,321.296 billion yuan, continuing to maintain a high level. Officials revealed that the value of Chinese government procurement contracts awarded to small and medium-sized enterprises last year was 2,308.162 billion yuan, accounting for 69.49% of the national government procurement scale. "Supporting the development of small and medium-sized enterprises is a strong support for employment growth." said the person in charge of the Treasury Department of the Ministry of Finance.

This forum is one of the important supporting activities of the 9th CIIE. At the forum, representatives from relevant international organizations and foreign governments introduced the latest trends and best practices in international public procurement, discussed the changes in the purchasing concept of international public procurement from price-oriented to quality-oriented, and carried out supply-demand docking with Chinese enterprises. (over)