Source: China – South China Morning PostBeijing’s recent move to clarify standards for “domestically made products” in government procurement is designed to shore up the confidence of foreign companies operating in the country, according to an analyst.
Effective January 1, “Made in China” goods will be granted a 20 per cent price preference over foreign-made goods in bidding for government contracts, according to a notice released by the State Council on Tuesday.
Companies with different ownerships – state-owned, private or foreign –…Read More