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Chinese businesses see rising service outsourcing contracts

Xinhua | 2015-11-11

Chinese businesses inked service outsourcing contracts worth 85.45 billion U.S. dollars during the first nine months of the year, official data showed on Tuesday.

The data was up 16.4 percent from the same period last year, the Ministry of Commerce (MOC) disclosed at a press conference.

Among the deals were offshore service outsourcing contracts valued at 56.47 billion U.S. dollars, rising 17.2 percent year on year.

Cooperation in service outsourcing with countries along the Belt and Road saw quicker growth, with contracts valued at 11.38 billion U.S. dollars for the January-September period, surging 42.1 percent from a year ago.

Outsourcing of information technology related contracts accounted for 49.3 percent of the total projects, according to MOC spokesman Shen Danyang.

China is the world's second largest service outsourcing provider after India. The State Council described the sector as a "green industry" that will be a new engine for tertiary industry and a boon to increasing employment.

Editor: ChengYF