China’s Outsourcing Plan
It is no secret that China wants to invade the outsourcing sector by being a top outsourcing destination. In their five year growth plan, the nation plans to promote outsourcing in all levels.
Here are some of China's outsourcing goals included in its five-year growth plan:
a. building of service outsourcing bases in 10 cities
b. encourage 100 multinationals to outsource services to China
c. foster 1,000 large and medium-sized service outsourcing enterprises.
In line with these goals, the Chinese government recently alloted an estimate of 5 billion yuan in order to pursue the outsourcing plans for at least 5 cities in the country. These cities include Chengdu, Xi'an, Shanghai, Shenzhen and Dalian. By the year 2008, the government expects that their outsourcing market would reach the market value of 1 trillion dollars.
1 Comment
Comments RSS
TrackBack Identifier URI
Leave a comment
Sounds great to us – anyone have thoughts on how much of those outsourcing dollars will then be outsourced to smaller Asian markets such as Vietnam where costs are even lower?
Comment by China Sourcer on November 1, 2006 1:18 pm