Core Viewpoint - The State Council issued a notice to implement domestic product standards in government procurement, aiming to clarify the definition of "domestic products" and enhance fair competition for both domestic and foreign enterprises [1][2]. Group 1: Definition and Implementation of Domestic Products - The notice defines "domestic products" as those produced within China, requiring a transformation of attributes from raw materials to finished products, and a specified percentage of component costs to be sourced domestically [1]. - For specific products, additional requirements include that key components and processes must also be produced or completed within China [1]. Group 2: Impact on Enterprises - The notice provides a 20% price deduction for domestic products in competitive bidding against foreign products, allowing domestic products to participate in evaluations at a lower effective price [1]. - The implementation of this policy is seen as a significant step towards ensuring national treatment for foreign enterprises operating in China, aligning with international high-standard trade rules [2]. Group 3: Transition and Future Outlook - The Ministry of Finance plans to establish various domestic product standards over the next five years, with a transition period of 3-5 years to allow enterprises to adjust their production and investment strategies [2]. - Experts believe that the new policy will stimulate innovation among domestic enterprises and enhance the confidence of foreign enterprises in investing in China [2].
增强外资企业在华投资的信心 政府采购的“本国产品标准”来了（政策解读）
Ren Min Ri Bao·2025-10-03 21:45