September 06, 2006
China into Service Outsourcing
Recently, I had written a post titled "India: Hot Destination for Outsourcing?". We have discussed a lot about India's rising fortunes in the outsourcing sector. Now, China is all set to challenge India in this field. China has unveiled a plan to enter an area that has been the exclusive domain of India for years. That is service outsourcing.
China is prioritizing it service outsourcing in a bid to boost the services industry. Experts believe that the global service outsourcing market will reach US$1 trillion by 2008. Hence, China wants to grab a substantial amount of share in that market.
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