[photopress:IT_Minister_of_Commerce_Wang_Chao.jpg,full,alignright]China is seeing a rapid development of outsourcing services.
According to the Ministry of Commerce, including ITO (Information Technology Outsourcing) and BPO (Business Process Outsourcing), China undertook outsourcing services valued at $2 billion in 2007. More than 30 million employees work in service outsourcing enterprises, among which over 250,000 are junior college or college graduates.
Minister of Commerce Wang Chao (seen in our illustration), speaking at The Sixth China International Software and Information Service Fair in Dalian said, information technology outsourcing services were the major part of China’s outsourcing industry in 2007, accounting for more than 60% of total outsourcing services.
China’s main contract countries and regions are Japan and the United States; and the outsourcing industry is mainly concentrated in the information transmission, computer services and software industries which together make up 53% of the total while manufacturing services accounted for 30.7%.
Minister Wang Chao said that there imbalanced development between regions.
Fourteen outsourcing service bases are responsible for 80.1% of the entire nation’s outsourcing services.
Outsourcing contracts in Guangdong, Beijing, Fujian, Jiangsu, Shanghai are worth more than $100 million and they account for two-thirds of total outsourcing services.
Source: People’s Daily Online
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