Financial control over procurement activities under Chinese and Russian laws: comparative analysis

The article examines the features of the public procurement system in the People’s Republic of China, highlights the key provisions of the legislation. The priorities of the state policy of the PRC in the field of public procurement were noted. Chinese legislation contains a number of provisions that can be taken into account when improving Russian legislation. The Chinese legislation, in contrast to the Russian, is more laconic, does not have a reference character, etc. In connection with the foregoing, it is obvious the urgency of further conduction a comparative legal analysis of the legislation of the People’s Republic of China and the Russian Federation in the field of procurement. Purpose: To identify the similarities and differences in the conduct of financial control, as well as the application of measures of responsibility for crimes in the implementation of procurement activities in the Russian Federation and the People’s Republic of China. Conclusions obtained in the course of the study: The laws of both countries indicate the forms of financial control. The PRC legislation governing procurement reflects the types of violations and measures of responsibility for violations in the field of procurement, while in Russia the types of violations and measures of responsibility are specified in the Administrative Offenses Code of the Russian Federation and the Criminal Code of the Russian Federation. In Russian legislation, an incomplete list of terms is indicated, in contrast to the legislation of the PRC, etc.

contract system, financial control, contract, specifications for procurement bidder, terms of performance of contract, liability measures, procurement crimes in the Russian Federation, procurement crimes in the PRC