Home
News
In Focus
Business
Metro
Nation
World
Sports
Feature
Opinion
View more »Opinion Columns
Wan LixinOpinion deputy editor of Shanghai Daily
Restaurants get off to a quick start thanks to game-changing policies
High service charges on event ticket refunds call for further regulation
Sunday
- Subscribe
Related News
Slowdown could aid outsourcing industry
By Zhang Fengming |
May 9, 2009, Saturday
|
Print Edition
Print Edition
China's outsourcing industry is making use of the global slowdown to branch into new markets as corporations shift to outsourcing to cut costs, said an industry report yesterday.
"We see evidence that many companies in Southeast Asia are in favor of outsourcing from China," Ning Wright, a KPMG partner said yesterday. "Moreover, many global outsourcing companies are setting up operations in China to target regional markets, including Japan.
"The financial crisis brings more opportunities for China than challenges for the outsourcing industry," said Wright. "Statistics in the first quarter have showed that China's growth is still strong."
It is expected that by 2010, China's offshore outsourcing work will more than double to US$5.6 billion, or 20 percent of its total outsourcing revenues, from 2007.
"China is very likely to catch up with or even surpass India in the outsourcing industry in five to 10 years, with China's strong growth and its huge domestic demand potential," said Wright.
The global slowdown has punished China's exports, making it even more attractive to develop its services industry.
In times of financial crisis, companies typically turn to outsourcing to save money.
The Chinese government has set an ambitious goal of developing a base of 10 internationally competitive cities to cater to outsourcing, encouraging 100 multinational corporations to transfer their outsourcing business to China, and to cultivate 1,000 big outsourcing companies with international qualifications by 2010.
Multiple outsourcing destinations around the world have sprung up besides India and China, including the Philippines, Malaysia, Romania, Ukraine, Brazil and Mexico.
"We see evidence that many companies in Southeast Asia are in favor of outsourcing from China," Ning Wright, a KPMG partner said yesterday. "Moreover, many global outsourcing companies are setting up operations in China to target regional markets, including Japan.
"The financial crisis brings more opportunities for China than challenges for the outsourcing industry," said Wright. "Statistics in the first quarter have showed that China's growth is still strong."
It is expected that by 2010, China's offshore outsourcing work will more than double to US$5.6 billion, or 20 percent of its total outsourcing revenues, from 2007.
"China is very likely to catch up with or even surpass India in the outsourcing industry in five to 10 years, with China's strong growth and its huge domestic demand potential," said Wright.
The global slowdown has punished China's exports, making it even more attractive to develop its services industry.
In times of financial crisis, companies typically turn to outsourcing to save money.
The Chinese government has set an ambitious goal of developing a base of 10 internationally competitive cities to cater to outsourcing, encouraging 100 multinational corporations to transfer their outsourcing business to China, and to cultivate 1,000 big outsourcing companies with international qualifications by 2010.
Multiple outsourcing destinations around the world have sprung up besides India and China, including the Philippines, Malaysia, Romania, Ukraine, Brazil and Mexico.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
