Member LoginMember Login - User registration - Setup as front page - Add to favorites - Sitemap New completion rules released for China to optimize the business environment !

New completion rules released for China to optimize the business environment

Time:2024-05-21 15:27:48 source:International Impact news portal

China on Tuesday unveiled rules on fair competition review in the fields of tendering and bidding process, marking the country's latest step to further optimize the business environment and promote the construction of a unified national market.

Jointly released by the National Development and Reform Commission and other seven central departments, the document requires that within the realm of bidding and tendering, policies and measures must undergo fair competition review before implementation, and any policy measures hindering fair competition are strictly prohibited.

The rules will take effect from May 1st, 2024, according to the document.

NDRC said the rules came as currently, certain bidding and tendering policies still harbor elements such as implicit local protectionism, hindering fair participation among operating entities.

The commission said the rules aim to improve the mechanisms for fair competition review in bidding and tendering and standardize the policy formulation in that field.

The document outlines review requirements and focuses on breaking down transactional barriers across various aspects, including prequalification, evaluation methods, evaluation criteria and bidding criteria.

The document clarifies the main responsibilities of policy-making agencies in conducting fair competition reviews and makes provisions on work mechanisms, work processes, and review conclusions. It emphasizes that policy measures should undergo fair competition review before being submitted for review or approval.

It also requires relevant departments to regularly conduct evaluations and cleanups of policy measures, establish mechanisms for collecting clues about bidding and tendering market barriers, dynamically clean up and abolish various policy measures that violate fair competition, and effectively promote the implementation of the fair competition review system.

Related information
  • Pentagon vows to keep weapons moving to Ukraine as Kyiv faces a renewed assault by Russia
  • Bebe Rexha confidently shows off her curves in a figure
  • The Guess Who and B.T.O. rocker Randy Bachman has prized instruments up for auction
  • Bride slammed for 'beige wedding' after telling guests what colours they could wear to ceremony
  • French sports minister calls for sanctions after Monaco player tapes over anti
  • Tunisian Jews scale back annual pilgrimage to ancient synagogue because of security concerns
  • Bride slammed for 'beige wedding' after telling guests what colours they could wear to ceremony
  • Greek and Turkish delegations meet in Athens as part of efforts to improve often strained ties
Recommended content
  • Fresh heartache for cancer
  • Police in Greece raid homes and detain dozens in crackdown on deadly soccer violence
  • Armenia asks UN court to throw out Azerbaijan’s claim alleging racial discrimination
  • European Space Agency adds 5 new astronauts in only fourth class since 1978. Over 20,000 applied
  • Kevin Pillar gets 1,000th career hit in Angels' win at Texas
  • 3 Germans arrested on suspicion of spying for China, transferring info on potential military tech