Home / Business / News Tools: Save | Print | E-mail | Most Read | Comment
Service out-sourcing industry encouraged to develop
Adjust font size:

As general manager of a service outsourcing company, Hu Bo has been plagued by mixed emotions recently.

On one hand, he is happy with business expansion as more foreign companies offered Web site maintenance contracts to Hu's Beijing-based Internet Engine Corporation; while on the other, he's frustrated by the fact that his company doesn't have enough hands to handle the booming overseas business.

He said it was difficult at the beginning to look for overseas contracts when he founded the company in 2006.

"I had to travel to Hong Kong several times for one 10,000 US dollar contract at that time," Hu said.

Now, he is being contacted directly by US or European companies.

Recent years saw a great development of China's service outsourcing industry. In the first eight months of last year, the country's outsourcing contracts hit 1.9 billion US dollars, up 17 percent over the same period of 2007.

Wang Chao, Ministry of Commerce assistant minister said that more multinational companies were keen to outsource noncore business to other companies to reduce costs and enhance competence amid the global financial crisis.

This brought Chinese companies business opportunities. The Chinese government takes it as a new growth engine during the global economic downturn, as well as a good answer to solve the employment difficulties of the country's more than six million college graduates this year.

1   2   3    


Tools: Save | Print | E-mail | Most Read
Comment
Pet Name
Anonymous
China Archives
Related >>
- VP stresses outsourcing industry development
- China: boosting service outsourcing
- Measures outlined to boost service outsourcing
- Outsourcing industry leaders meet in China
- China's service outsourcing face opportunities

Mar.20, Shanghai Lipper Funds Awards
Mar.21-22, Beijing Anti-monopoly Law Symposium
Mar.27, Beijing The 4th Annual China Fund Summit
Apr.11-12, Beijing The Fifth (2008) 'Gold Prize of Round table'of Chinese Boards of Listed Company
Apr.20-23, Beijing Green Transformation: Forcast New Business Culture

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?