Ian Johnson: China Extends Buy-Local Push

From the Wall Street Journal:

Amid a series of simmering in the background, China is pushing ahead with efforts to ensure that its gargantuan stimulus package benefits domestic companies.

A recent directive issued by several central government agencies, including the powerful , appears to require that should receive contracts for government stimulus projects unless Chinese companies cannot deliver certain technical goods at a reasonable or frame. The notice, which was issued on May 26 but only posted on the commission’s website this month, is part of broader buy-local push in recent months by authorities, who have quietly been indicating that most of the two-year 4 trillion yuan (US$588 billion) in stimulus will be aimed at Chinese companies.

“Apart from engineering goods or service that cannot be obtained under reasonable conditions inside China, domestic products should be purchased for the government investment program,” according to the official notice.

Read the official notice here (in Chinese).

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