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
Industry

China's service outsourcing market reports strong momentum in first two months

March 19, 2021


Abstract : China's service outsourcing industry reported strong momentum in the first two months of 2021, data from the Ministry of Commerce showed on Thursday.

BEIJING, March 18 (Xinhua) -- China's service outsourcing industry reported strong momentum in the first two months of 2021, data from the Ministry of Commerce showed on Thursday.

Chinese businesses inked service outsourcing contracts worth a total of 171.57 billion yuan (about 26.45 billion U.S. dollars) during the period, representing year-on-year growth of 72.3 percent from 2020 and 24.2 percent from 2019, the data showed.

Of the total, offshore service outsourcing contracts reached 87.57 billion yuan in value, rising 43.4 percent from a year earlier.

The executed contract value of offshore service outsourcing with the Belt and Road Initiative partner countries reached 11.99 billion yuan, surging 85.2 percent from a year earlier, according to the data.

The executed contract value of foreign-funded enterprises in offshore service outsourcing skyrocketed 127.7 percent from 2020 to reach 28.97 billion yuan in the first two months, accounting for 45.9 percent of China's total offshore service outsourcing business.

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

In China, service outsourcing is typically divided into three sub-sectors: information technology outsourcing, business process outsourcing, and knowledge process outsourcing. Enditem

Scan the QR code and push it to your mobile phone

Keyword: service outsourcing

Reading:

China's Hainan to launch Haikou-Paris air freight route

China Focus: China's BDS provides stable services to global users

China's Henan sees robust green tea exports

E. China's Zhejiang unveils three-year action plan for digital commerce

China's economy shows strong momentum of recovery in Jan.-Feb.

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