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China's service outsourcing value up 55% in Jan-Aug

Sep. 27, 2012 (China Knowledge) - The value of China's service outsourcing contracts surges 55% YoY to US$26.9 billion in the first eight months of this year, sources reported.

From January to August, China saw its international service outsourcing contracts increase 48% from a year earlier to US$18.7 billion.

Last year, the country's service outsourcing contracts hit US$32.4 billion, reflecting a YoY increase of 64%, of which, US$23.8 billion were international service outsourcing contracts, up 65% YoY.

The government will continue to perfect its intellectual policy system and further promote the development of China's service outsourcing industry, said Wang Chao, deputy minister of the Ministry of Commerce.

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