Data from the Dongying Bureau of Commerce show that from January to February this year, 46 contracts of service outsourcing have been signed, with total contract value standing at 41.763 million U.S. dollars, an increase of 130.6 percent compared with the same period last year, and an execution amount at 27.572 million U.S. dollars, rising by 35.2%. Among them, the offshore outsourcing contract value stands at 37.915 million U.S. dollars, and the execution amount is 26.514 million U.S. dollars, increasing by 114.2% and 30.5% respectively.

Last year, the number of service outsourcing companies grew to 62, increasing by 27, and the number of jobs in this industry reached 25,000. 138 contracts of service outsourcing were signed, with a total contract value of 144.522 million U.S. dollars, and an execution amount at 147.783 million U.S. dollars, rising by 8.7%, 19.8% and 48.8% respectively.

High-tech service outsourcing, including overseas oil block design, multi-metal capture technology and functional new materials R&D technology and application, has been remarkable,. By the end of December last year, the execution amount for offshore outsourcing contracts reached 23.158 million U.S. dollars, increasing by 664.8%.

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