Transparency of Government Contracts with Chinese Entities
New rules require companies seeking government contracts to disclose their commercial ties with Chinese entities. This aims to increase transparency and security in public spending, indirectly affecting how the government manages citizens' funds.
Key points
Companies wishing to work with the US government must disclose their contracts with Chinese entities.
A public database will be created containing information about these contracts, increasing public access to information.
Details such as the name of the Chinese entity, its ties to the Chinese government or military, and general contract terms and duration will be disclosed.
Expired
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