Online purchase system saves big money, boosts transparency

SHENGZHEN, Guangdong - Eight years after this South China metropolis set up an online procurement system, official statistics suggest the city government has become more transparent and efficient.

Since the policy was introduced, the city has saved more than 3.8 billion yuan ($598 million), according to the Shenzhen procurement center's work report to the Central Commission for Discipline Inspection of the Communist Party of China.

As one of seven pilot cities in the country's procurement innovation project, led by the Office of the Central Leading Group on Financial and Economic Affairs, the city has made all purchases using its online system, said Ye Jianming, director of the procurement center.