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Outsourcing industry to grow 5-10%

(Global Times)

08:15, April 25, 2012

It is estimated that China's outsourcing industry will see a 5-10 percent growth rate in 2012, according to a summit on global infrastructure construction held in Macao Tuesday.

The industry has entered a period of stable development after years of rapid expansion, mainly due to slowing global economic growth, analysts said at the summit.

According to Diao Chunhe, director of the China International Contractors Association, the total amount of outsourcing contracts secured by companies in China during 2011 stood at $142.3 billion. However the growth rate of new contracts signed last year dropped to 5.9 percent, down 0.6 of a percentage point.

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