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flag China's SASAC and NDRC issue guideline to enhance procurement activities for central SOEs, targeting transparent and efficient supply chains.

flag China's SASAC and National Development and Reform Commission have issued a guideline to enhance central SOEs' procurement activities, targeting transparent and efficient supply chains. flag The new policies aim to improve procurement regulation, encourage tech innovation adoption, and standardize practices. flag This initiative aims to spur growth for SMEs, promote private sector involvement, and drive large-scale equipment upgrades, totaling over 3 trillion yuan ($417.54bn) over the next five years.

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