The Global IT Outsourcing Summit 2005 has opened in Shanghai, China. Over 200 participants from different countries will listen in to speeches from several organizations.

The summit features IT professional speeches from the UK National Outsourcing Association, Institute of Electrical and Electronics Engineers, Korea IT Industry Promotion Agency, Microsoft Research Asia and Lucent Technologies.

In addition, the summit aims to set up the East China Yangtze Region Software Industry Cooperation Alliance.

Zhou Yupeng, vice mayor of Shanghai, said that Shanghai's software industry has maintained a 50 percent growth rate since 2001. He said, "At present, the city government is mapping out the 11th Five-Year Plan which will highlight the IT outsourcing service."

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