Chinese companies take more outsourcing contracts in service H1 2020

Chinese companies undertook over 110.6-billion-U.S.-dollar worth of outsourcing service contracts between January and July this year, and executed 74.4 billion U.S. dollars of those contracts, resulting respectively in a 2.7-percent rise and an 8.4-percent increase year on year, according to statistics released by the Ministry of Commerce.

Of the service outsourcing contracts, 65.4 billion U.S. dollars were at offshore locations, a year-on-year drop of 1.8 percent. Chinese companies executed 44.6 billion U.S. dollars of these offshore jobs, increasing by 7.7 percent compared to the same period last year.

Most of the outsourcing service contracts to Chinese companies were concentrated in knowledge intensive sectors such as information technology, business processing and knowledge processing.