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China’s outsourcing grows in early 2016 despite economic difficulties

17 Mar 2016 12:00 AM | Anonymous

Despite its current economic struggle, the Chinese outsourcing industry has continued its growth in the early months of 2016.

“[This year] Chinese company-linked service outsourcing contracts raised 7.5 percent compared to last year,” said Shen Danyang, a spokesperson for the Ministry of Commerce (MOC).

“There was also a rising of 28.5 per cent – valued in $11.64 billion - of the offshore service outsourcing contracts in the first two months of this year compared to the last year,” he added.

The majority of the contracts – 51 per cent – were ITO-related. As the second largest service outsourcing provider in the world after India, the Chinese government has described outsourcing as the “new engine for tertiary industry and a boon to increasing employment”.

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