China aims to bump India in outsourcing services
China has been promoting its outsourcing sector in recent years to tap the booming market. The nation's software outsourcing companies raked in $1.4 billion in revenue in 2006, up more than 40 percent compared with a year earlier. Unlike their Indian counterparts, outsourcing companies in China work closely with local clients from industries such as banking, securities and manufacturing.
China's IT services outsourcing industry could generate US$56 billion in revenue and create 4 million jobs by 2015, becoming a new engine for the nation's economic growth, a report said.
Outsourcing service providers in China could earn as much as $18 billion by 2010 and $56 billion by 2015, according to a white paper released by Electronic Data Systems (NYSE: EDS) (EDS).
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