Profound changes for procurement

Detailed summary

"International public procurement is currently undergoing profound changes, with major economies and international organizations introducing systematic reform measures and…

China is willing to work hand in hand with public procurement counterparts worldwide, uphold the right course of economic globalization and trade diversification, and pursue common development and a shared future through openness and cooperation, Vice-Minister of Finance Lin Zechang said.

Lin made the remarks at the 2026 China International Public Procurement Forum, which kicked off in Shanghai on Thursday and will run through Saturday under the theme "Sharing the Future of the Public Procurement Market — Institutional Innovation and Win-Win Cooperation".

"International public procurement is currently undergoing profound changes, with major economies and international organizations introducing systematic reform measures and exploring new paths for global public procurement governance," Lin said, noting that as the world's second-largest economy, China has a vast government procurement…

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