Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
News for Outlets

China's service outsourcing industry reports steady growth in first 11 months of 2020

December 18, 2020


Abstract : China's service outsourcing industry posted stable growth in the first 11 months of 2020, data from the Ministry of Commerce showed.

e2436a9848742325804eb618b9fd7ac3.jpg

BEIJING, Dec. 18 (Xinhua) -- China's service outsourcing industry posted stable growth in the first 11 months of 2020, data from the Ministry of Commerce showed.

Chinese firms inked service outsourcing contracts worth about 1.298 trillion yuan in the Jan.-Nov. period, up 12.9 percent year on year.

The executed contract value stood at 922.6 billion yuan in the first 11 months, representing a year-on-year increase of 16.4 percent.

Of the total, offshore service outsourcing contracts amounted to 765.88 billion yuan during the period, up 11.5 percent year on year.

The executed value of offshore service outsourcing contracts increased 16.6 percent year on year during the period to 562.99 billion yuan.

Outsourcing is the business practice of hiring a party outside a company to perform services and make goods traditionally undertaken by the company's employees.

In China, service outsourcing is typically divided into three sub-sectors: information technology outsourcing, business process outsourcing and knowledge process outsourcing. (Edited by Yang Yifan with Xinhua Silk Road, yangyifan@xinhua.org)

Scan the QR code and push it to your mobile phone

Keyword: service outsourcing industry

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial