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China Outsourcing Summit opens this week
By Wu Huixin |
September 26, 2012, Wednesday
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Print Edition
Print Edition
THERE are two renowned outsourcing summits in the world - the Gartner Outsourcing & Strategic Partnerships Summit and NASSCOM's annual conference - and China aims to make it a Big Three with its own China Sourcing Summit.
The China Sourcing Summit is expected to become a major platform for Asian outsourcing. It is sponsored by China's ministries of commerce, education, science and technology, and industry and information technology, and it is organized by the China Investment and Finance Committee.
The summit, which was first held in Chengdu, Sichuan Province, in 2008, starts today at the Dragon Hotel in Hangzhou. It will end on Friday. It is the third time for Hangzhou to host this summit.
Titled "Business Innovation for the Global Market," the summit feature seminars, conferences, lectures, one-to-one consultations and other commercial activities.
Buyers from Europe, America, Japan and Southeast Asia will hold conversations with executives of large Chinese IT enterprises; they will also discuss cooperation with domestic service suppliers and representatives from outsourcing demonstration cities and industrial parks.
Hangzhou advantages
As the fourth China Sourcing Summit opens, the influence of "China service" is rising in the outsourcing industry.
Hangzhou, which has been establishing its outsourcing industry since 2006, has given full play to its strengths.
Further, the scenic city pursues a core strategy that "good environment makes everything better," meaning the city has always been using its good environment to lure talented professionals who can boost the economy and, thus, build a better city.
Now Hangzhou has been named a "demonstration city of outsourcing" by the central government. The electronic information industry has been a pillar industry in Hangzhou. Hangzhou's finance industry is getting stronger, having attracted more than 200 financial organizations that account for more than 60 percent of the total in Zhejiang Province. Its number of financial institutions makes Hangzhou No. 5 in ranking among all Chinese cities.
In 2011, the city's total outsourcing contracts amounted to US$3.28 billion, of which US$2.55 billion represented offshore contracts. Also, the number of people involved in the outsourcing industry reached 223,432. In some of the city's large software enterprises, employees in the research and development sector account for around 45 percent of the total staff.
From 2007 to 2011, the total offshore contracts valued at US$4.85 billion, with an annual growth rate of 95 percent. Around 847,000 have received training in outsourcing.
To date, the city's colleges and universities offer 247 majors relevant to outsourcing, such as computers and software, integrated circuits, cartoons and animation.
Hangzhou has attracted a large number of outsourcing enterprises to settle in Hangzhou, such as State Street Corp, Insigma, Cisco, WebEx, Strategy Systems Solution, Nokia and Simens.
In 2011, 24 enterprises have signed offshore service outsourcing contracts valued over US$10 million each, accounting for 77.23 percent of all offshore contracts in the city.
Schedule for ChinaSourcing Summit 2012
September 26
8:30am-12pm: Symposium on national outsourcing policies
2-5:30pm: Opening ceremony and summits
September 27
8:30am-12pm: Seminars, lectures, consultations
1:30-5:30pm: Seminars, lectures, consultations
September 28
8:30am-12pm: Seminars, lectures, consultations
1:30-5:30pm: Seminars,
lectures, consultationsUS$3.28 billion
In 2011, the city's total outsourcing contracts amounted to US$3.28 billion, of which US$2.55 billion represented offshore contracts.
223,432
The number of people involved in the outsourcing industry.
The China Sourcing Summit is expected to become a major platform for Asian outsourcing. It is sponsored by China's ministries of commerce, education, science and technology, and industry and information technology, and it is organized by the China Investment and Finance Committee.
The summit, which was first held in Chengdu, Sichuan Province, in 2008, starts today at the Dragon Hotel in Hangzhou. It will end on Friday. It is the third time for Hangzhou to host this summit.
Titled "Business Innovation for the Global Market," the summit feature seminars, conferences, lectures, one-to-one consultations and other commercial activities.
Buyers from Europe, America, Japan and Southeast Asia will hold conversations with executives of large Chinese IT enterprises; they will also discuss cooperation with domestic service suppliers and representatives from outsourcing demonstration cities and industrial parks.
Hangzhou advantages
As the fourth China Sourcing Summit opens, the influence of "China service" is rising in the outsourcing industry.
Hangzhou, which has been establishing its outsourcing industry since 2006, has given full play to its strengths.
Further, the scenic city pursues a core strategy that "good environment makes everything better," meaning the city has always been using its good environment to lure talented professionals who can boost the economy and, thus, build a better city.
Now Hangzhou has been named a "demonstration city of outsourcing" by the central government. The electronic information industry has been a pillar industry in Hangzhou. Hangzhou's finance industry is getting stronger, having attracted more than 200 financial organizations that account for more than 60 percent of the total in Zhejiang Province. Its number of financial institutions makes Hangzhou No. 5 in ranking among all Chinese cities.
In 2011, the city's total outsourcing contracts amounted to US$3.28 billion, of which US$2.55 billion represented offshore contracts. Also, the number of people involved in the outsourcing industry reached 223,432. In some of the city's large software enterprises, employees in the research and development sector account for around 45 percent of the total staff.
From 2007 to 2011, the total offshore contracts valued at US$4.85 billion, with an annual growth rate of 95 percent. Around 847,000 have received training in outsourcing.
To date, the city's colleges and universities offer 247 majors relevant to outsourcing, such as computers and software, integrated circuits, cartoons and animation.
Hangzhou has attracted a large number of outsourcing enterprises to settle in Hangzhou, such as State Street Corp, Insigma, Cisco, WebEx, Strategy Systems Solution, Nokia and Simens.
In 2011, 24 enterprises have signed offshore service outsourcing contracts valued over US$10 million each, accounting for 77.23 percent of all offshore contracts in the city.
Schedule for ChinaSourcing Summit 2012
September 26
8:30am-12pm: Symposium on national outsourcing policies
2-5:30pm: Opening ceremony and summits
September 27
8:30am-12pm: Seminars, lectures, consultations
1:30-5:30pm: Seminars, lectures, consultations
September 28
8:30am-12pm: Seminars, lectures, consultations
1:30-5:30pm: Seminars,
lectures, consultationsUS$3.28 billion
In 2011, the city's total outsourcing contracts amounted to US$3.28 billion, of which US$2.55 billion represented offshore contracts.
223,432
The number of people involved in the outsourcing industry.
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