The Chief of MOFCOM Department of Trade in Services and Commercial Services Introduces the Development of Service Outsourcing in January-May 2019
Date: 2019-7-2

The Chief of MOFCOM Department of Trade in Services and Commercial Services Introduces the Development of Service Outsourcing in January-May 2019

On June 27, the chief of MOFCOM Department of Trade in Services and Commercial Services introduces on the development of service outsourcing in January-May 2019.

 
According to the statistics of MOFCOM, from January to May 2019, the total volume of China’s service outsourcing contracts amounted to 482.01 billion yuan (the same as below, equivalent to US$72.2 billion) and 284.82 billion yuan had been executed, up 19.3% and 7.5% respectively year on year. Among those, the offshore service outsourcing contracts amounted to 306.11 billion yuan and 172.71 billion yuan had been executed, up 20.1% and 6.4% respectively year on year. The main features are as follows:
 
First, the productive service outsourcing business grew rapidly. Procurement outsourcing services, inspection and testing services, e-commerce platform services, and Internet marketing and promotion services grew rapidly. The offshore executed amount in January-May was 2.38 billion yuan, 2.09 billion yuan, 2.24 billion yuan, and 800 million yuan respectively, with an increase of 76.5%. 72.3%, 54% and 52% respectively.
 
Second, the urban clustering effect of demonstration cities was obvious, and the second-tier and third-tier cities had great development potential. From January to May, 31 demonstration cities such as Beijing and Shanghai undertook offshore service outsourcing with an amount of 151.86 billion yuan, accounting for 87.9% of the national total; 11 second-tier and third-tier service outsourcing demonstration application cities such as Ganzhou, Luoyang and Xuzhou undertook offshore service outsourcing with an amount of 12.29 billion yuan, with an increase of 45.5% year on year, which was significantly higher than the national average growth rate.
 
Third, the development of major contracting markets such as Hong Kong and the EU in China accelerated. From January to May, the offshore service outsourcing undertaken in Hong Kong was 31.63 billion yuan, up 16.4% year on year; the offshore service outsourcing undertaken in the EU was 30.57 billion yuan, up 24.9%. Among these, the offshore service outsourcing undertaken in Germany, Britain, France, Sweden all maintained double-digit growth rates.
 
Fourth, Russia became a new highlight of the Belt and Road service outsourcing cooperation. From January to May, the executed amount of China's national service outsourcing in the countries along the “Belt and Road” routes reached 30.98 billion yuan, basically maintaining a stable momentum. Among them, the offshore service outsourcing undertaken in Russia was 1.37 billion yuan, with an increase of 51.7% year on year.
 
CLOSE