China's service outsourcing industry posts steady growth

0 Comment(s)Print E-mail Xinhua, October 8, 2020
Adjust font size:

China's service outsourcing industry reported stable growth in the first eight months of 2020, according to the Ministry of Commerce.

Chinese firms inked service outsourcing contracts worth about 850.39 billion yuan (about 124.87 billion U.S. dollars) in the Jan.-Aug. period, up 8.2 percent year on year.

The executed contract value stood at 586.71 billion yuan in the first eight months, representing a year-on-year increase of 12.5 percent.

Of the total, the value of offshore service outsourcing contracts reached 506.67 billion yuan during the period, up 6.8 percent year on year.

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. 



Follow China.org.cn on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter