Latest News:  
Beijing   Sunny    20 / 9   City Forecast

People's Daily Online>>China Business

Beijing's offshore outsourcing revenue hits $2.5 billion

By Tu Lufang (Beijing Daily)

13:27, March 28, 2012

Edited and translated by People's Daily Online

Beijing’s offshore outsourcing revenue reached nearly $ 2.5 billion in 2011, up about 60 percent from the previous year, according to statistics from the Beijing Municipal Commission of Commerce and Beijing Association of Sourcing Service (BASS).

Beijing has maintained its leading position in the country in terms of handling outsourced jobs from the United States, Europe, and Japan.

Outsourcing is the process of contracting non-core business fractions to an external professional organization, so as to focus on core business, reduce operation costs, and improve efficiency. There are three basic types of outsourcing: information technology outsourcing, business process outsourcing, and knowledge process outsourcing covering product research and development and industrial design. According to market forecasts, the added value of the outsourcing industry will exceed that of the global manufacturing industry.

As the first city in China to handle outsourced jobs, Beijing launched outsourcing services toward the Japanese and U.S. markets in 1985 and 1992 respectively. The city’s offshore outsourcing revenue has grown 22-fold over the past 10 years.

Qu Lingnian, director of BASS, said that the global offshore outsourcing revenue reached 126 billion U.S. dollars last year, of which India grabbed 70 billion dollars, and China grabbed 13 billion dollars, with 18 percent of the revenue going to Beijing.

According to a ranking by the International Association of Outsourcing Professionals, 10 Chinese companies were listed among the world’s top-100 outsourcing service providers last year, with four of them based in Beijing. They are VanceInfo Technologies ranking 33rd, hiSoft ranking 39th, ChinaSoft International ranking 70th, and CIeNET Technologies ranking 79th.

Email|Print|Comments(Editor:张洪宇)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Temperature soars past 20 degrees in Beijing

  2. People proud of ancient city wall in Xi’an

  3. Jackie Chan's private jet on display

  4. Twin polar bears settle in Wuhan

Most Popular

Opinions

  1. Chinese solar companies to fight US tariffs
  2. South China Sea mapping underway
  3. Safer world, safer energy
  4. Keep talking, Hu urges
  5. US' human rights violations
  6. Leung wins Hong Kong election by wide margin
  7. China yet to be a sea power
  8. Prevent nuclear terrorism
  9. Conditions needed for Annan's peace mission
  10. Will Syria crisis be transformed into an opportunity?

What's happening in China

Jackie Chan's private jet
on display

  1. Two-month fishing ban to begin on Pearl River
  2. Chinese migrant builds life in 'toilet home'
  3. Xinjiang terrorist gets death sentence
  4. Twins get sex-change surgery in Shanghai
  5. Beijing city researching property tax: Official

PD Online Data

  1. Spring Festival
  2. Chinese ethnic odyssey
  3. Yangge in Shaanxi
  4. Gaoqiao in Northern China
  5. The drum dance in Ansai