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China Daily | Updated: 2016-06-21 08:12
Govts & policies
Services outsourcing growth picks up
The growth of China's services outsourcing industry accelerated slightly in the first five months, data from the Ministry of Commerce showed. Chinese companies signed services outsourcing contracts worth 349 billion yuan ($53 billion) in the period, up 24.8 percent year-on-year, faster than the 23.9 percent increase recorded in the first four months. Among the deals were offshore services outsourcing contracts valued at 237.6 billion yuan, up 37 percent year-on-year. In May alone, offshore contracts hit 40.5 billion yuan, rising 32.8 percent from a year earlier.
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