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China's HR market is one of the largest and fastest-growing in the world, driven by the country's dynamic economy and expanding workforce. The market is expected to reach a value of USD 630 billion by 2025, with a compound annual growth rate (CAGR) of 12%.
The Chinese government is a major buyer of HR products and services, with an annual procurement budget of over USD 100 billion. The government is focused on procuring HR solutions that can help it manage its large and diverse workforce effectively.
The main HR products and services procured by the Chinese government include:
HR management systems (HRMS)
Payroll services
Talent management solutions
Learning and development programs
Employee benefits administration
The top authorities for China HR procurement include:
Ministry of Human Resources and Social Security (MOHRSS)
Ministry of Finance (MOF)
General Administration of Customs (GAC)
National Health and Family Planning Commission (NHFPC)
The top winners of China HR procurement contracts include:
Huawei
SAP
Oracle
IBM
Infosys
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