Chinese outsourcing industry explodes
software and IT outsourcing industry is booming, rising by a third in 2011 to reach a whopping 1.84 trillion yuan, according to new government figures released by the Ministry of Industry and Information Technology, The Register reports.
The stats, seen by state-run news agency Xinhua, represent around a 4% increase on the average for the growth rate from 2006 to 2010.
Software exports increased 18.4% to $30.4 billion, while software (development) outsourcing rose by 40.3% to $6 billion, Information Age writes.
These figures suggest China is rapidly closing the gap with India's outsourcing sector. According to Nasscom, India's IT outsourcing trade body, the sector is expected to grow by 15% this year to reach $100 billion.
OutsourceMyProject.com quotes Jens Butler, principal analyst at Ovum, as saying: "The growth appears to be coming from a maturing of the IT industry as a whole, both in terms of software acquisition and the increasing embracing of outsourcing options, the continuing governmental investment in modernising its underlying infrastructure, and the ongoing impressive export successes."
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