A Chinese trade official said Wednesday the country’s service outsourcing sector was doing brisk business despite the global economic downturn.
Lin Zheying, deputy director of the Department of Foreign Investment Administration of the Ministry of Commerce revealed at the International Service Outsourcing Development held in Guangzhou on September 2 that from January to June, Chinese service outsourcing industry smoothly realized the growth “against the trend”, with the newly-increased service outsourcing enterprises nationwide exceeding 1406, and the newly-employed persons of 297,000, among whom 239,000 are graduates; the execution amount of undertaking international service outsourcing contracts stood at USD2.56b, up 32.5% year-on-year.
In June this year China had 6,673 companies specializing in service outsourcing, including the introduction of 1,406 new ventures between January and June, he added,, addressing an international conference on service outsourcing development held on September 2, 2009, in Guangzhou,China.
“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.
“In accordance with development momentum, it is probable the sector could attain the pre-set target of doing US$30 billion worth of business by the year 2013,” said Lin.