China’s service outsourcing stats from January to July
From January to July, the contract value and executed value of service outsourcing undertaken by Chinese enterprises reached RMB 976 billion and 650 billion (the same currency hereinafter), up by 27.8% and 26.6% year-on-year respectively. Among them, the contract value and executed value of offshore service outsourcing undertaken was 551.1 billion and 379.1 billion, up by 21.9% and 23.4% year-on-year respectively. (In US dollars, the contract value and executed value of service outsourcing undertaken by Chinese enterprises reached 146 billion and 97.3 billion, up by 32.1% and 30.7% year-on-year respectively. Among them, the contract value and executed value of offshore service outsourcing undertaken was 82.7 billion and 56.8 billion, up by 26.4% and 27%.2 year-on-year respectively.)
In terms of business structure, from January to July 2021, the executed value of Information Technology Outsourcing (ITO), Business Process Outsourcing (BPO) and Knowledge Process Outsourcing (KPO) undertaken by Chinese enterprises reached 168.6 billion, 63.7 billion and 146.8 billion, up by 21.3%, 21.1% and 27.0% year-on-year respectively.
In terms of regional distribution, from January to July 2021, the total contract value and executed value of offshore service outsourcing in 31 service outsourcing demonstration cities amounted to 453.5 billion and 318 billion, up by 17.4% and 19.5% year-on-year, accounting for 82.3% and 83.9% of the national total respectively. The total contract value and executed value of offshore service outsourcing in the Yangtze River Delta amounted to 253.1 billion and 187.8 billion, up by 7.2% and 13.5%, accounting for 45.9% and 49.5% of the national total respectively.
In terms of the international market, from January to July 2021, the executed value of offshore service outsourcing contracts from the US, HK SAR and the EU undertaken by Chinese enterprises amounted to 78 billion, 72.5 billion and 48.2 billion, up by 21.0%, 31.4% and 13.3% respectively, altogether accounting for 52.4% of the national total. Chinese enterprises undertook offshore service outsourcing contracts from BRI countries with a contract value of 109.6 billion and executed value of 72.2 billion, up by 46.1% and 29.7% year-on-year respectively.
In terms of corporate nature, from January to July 2021, private enterprises undertook offshore service outsourcing contracts worth 142.3 billion, up by 36.5% year-on-year, with an executed value of 98.3 billion, up by 33.4% year-on-year. Foreign-invested enterprises undertook contracts worth 265.8 billion, up by 12.4% year-on-year, accounting for 48.2% of the national total, with an executed value of 171.1 billion, up by 19.1% year-on-year, accounting for 45.1% of the national total.
In terms of employment, by the end of July this year, China’s service outsourcing industry has accommodated 13.39 million employees, among which 8.5 million (63.5%) have a college degree or above. From January to July this year, the service outsourcing industry added 480,000 new jobs, a year-on-year increase of 12.6%. Among them, 310,000 (63.6%) have a college degree or above.
source: MOFCOM
