xi's moments
Home | Industries

China's service outsourcing industry reports robust expansion

Xinhua | Updated: 2024-05-21 15:14

BEIJING - China's service outsourcing industry saw robust expansion in the first four months of this year, the Ministry of Commerce said on Tuesday.

Chinese firms inked services outsourcing contracts worth a total of nearly 781.43 billion yuan ($110 billion) in the four-month period, up 14.4 percent year-on-year, according to the ministry.

The executed contract value stood at 520.51 billion yuan, a year-on-year increase of 12.9 percent.

Of the total, the value of offshore service outsourcing contracts rose 8.6 percent year-on-year to 419.04 billion yuan.

In the January-April period, the industry welcomed about 301,000 new hires, with 84.7 percent of these individuals holding a university degree or above.

Outsourcing refers to hiring an outside party to carry out services or produce goods typically undertaken by in-house employees.

Global Edition
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349