As China seeks to diversify its economy away from its traditional manufacturing base, Chinese companies have won outsourced service contracts worth USD1.9 bn in the first eight months. This figure is up 17 per cent from the same 2007 period, according to the Ministry of Commerce.
By the end of August, China had around 1,800 outsourcing companies,
with about 330,000 employees. In 2007, total contracts abroad for
outsourced services accounted for USD2.09 billion.
The Chinese government plans to develop 10 outsourcing base cities by
2010, in an effort to build up outsourcing services and utilise the
nation's large population of unemployed university graduates. The
cities include Shanghai, Dalian, Xi'an, Hangzhou, Nanjing, Shenzhen and
Chengdu.
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