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China to further promote healthy development of tendering, bidding market
Updated: May 8, 2024 22:03 english.www.gov.cn

China will innovate and improve systems and mechanisms to promote regulated and healthy development of the tendering and bidding market, according to a circular released by the General Office of the State Council on May 8.

The circular said that measures will be taken to optimize the design of systems and rules, and intensify the coordination and alignment of laws and policies.

Meanwhile, efforts will be made to respect and safeguard the legal rights of tenderees, formulate bidding agency service standards and codes of conduct, and fully align with high-standard international economic and trade rules, and optimize domestic bidding and procurement methods.

To optimize the evaluation system, work will be done to improve bidding evaluation methods and mechanism, the criteria for winning bids, and the full-cycle management for bidding evaluation experts, the circular said.

The circular also mentioned integrated development of tendering and bidding with new technologies such as big data, cloud computing, artificial intelligence and block chains, and improved electronic platform systems for bidding.

A regulated and orderly market environment should be created, the circular said, adding that illegal activities should not be tolerated, and rules and practices that hinder building a unified domestic market and fair competition should be eliminated.

The circular also stressed improving policy systems for the participation of small and medium-sized enterprises.

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