China's service outsourcing sector doing brisk bus

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Post time:2009-09-03Source:panies transfer service operations to providers in China so they can deal with their core business. Service outsourcing helps overseas clients manage business operations such as technology,Financial outsourcing, training, logistics and advertising.

In June this year China had 6,Data convention outsourcing,673 companies specializing in service outsourcing,Financial service outsourcing, including the introduction of 1,406 new ventures between January and June, said Lin Zheying, deputy chief of foreign investment department with the Ministry of Commerce, addressing an international conference on service outsourcing development Wednesday.

The companies completed 2.56 billion U.S. dollars worth of international service outsourcing contracts from January to June, up 32.5 percent from the same period last year, said Lin.

"The government has adopted a strategy of introducing a host of preferential policies to encourage and support development of service outsourcing since the start of the year, which has been effective," said Lin. He said the strategy had also provided jobs.

Lin said 1.22 million have found employment in the country‘s service outsourcing sector, 82 percent of them college graduates.

The service providers are now primarily clustered around the Bohai Sea rim in north China, the Yangtze River Delta in east China, and the Pearl River Delta in south China.

Lin said greater efforts would be made to encourage innovation, and to work for China‘s brand names in future development of service outsourcing.

"In accordance with development momentum,Data processing companies, it is probable the sector could attain the pre-set target of doing 30 billion U.S. dollars worth of business by the year 2013,outsourcing software development," said Lin.