China News Service, March 19, according to the website of the Ministry of Commerce, on the 19th, the head of the Service and Trade Department of the Ministry of Commerce introduced the development of China's service outsourcing from January to February 2021. From January to February 2021, Chinese companies will undertake services. The contract value of outsourcing was 171.57 billion yuan, and the execution value was 114.45 billion yuan, an increase of 72.3% and 70.6%, respectively, and an increase of 24.2% and 31.8% respectively over the same period in 2019.

  Among them, the contract value of offshore service outsourcing contracts undertaken was 87.57 billion yuan, and the execution value was 63.07 billion yuan, a year-on-year increase of 43.4% and 56.6%, respectively, and a year-on-year increase of 2% and 23.9%.

(Calculated in US dollars, the value of service outsourcing contracts undertaken from January to February was US$25.2 billion, and the executed value was US$16.78 billion, an increase of 66.7% and 70.4% year-on-year respectively. Among them, the value of offshore service outsourcing contracts was US$12.99 billion and the executed value was US$9.24 billion. , An increase of 39.5% and 56.8% year-on-year).

  From a structural point of view, from January to February, Chinese companies undertook offshore information technology outsourcing (ITO), business process outsourcing (BPO), and knowledge process outsourcing (KPO) with a total of 34.86 billion yuan, 9.86 billion yuan and 18.35 billion yuan, respectively. The year-on-year increase was 90.7%, 21.9% and 31.9% respectively.

  From the perspective of the market, from January to February, the offshore outsourcing performed by Chinese companies from the United States, Hong Kong, and the EU was 14.42 billion yuan, 12.59 billion yuan, and 7.75 billion yuan, an increase of 44.7%, 40.2%, and 38.6%, respectively. It accounts for 55.1% of China's offshore service outsourcing implementation.

The implementation value of offshore outsourcing from countries along the “Belt and Road” was 11.99 billion yuan, an increase of 85.2% year-on-year.

  From a regional perspective, from January to February, the implementation of offshore service outsourcing in the Yangtze River Delta region was 29.27 billion yuan, a year-on-year increase of 45.4%, accounting for 46.4% of the country.

The 31 service outsourcing demonstration cities undertook offshore outsourcing executions of 56.98 billion yuan, a year-on-year increase of 60.2%, accounting for 90.4% of the country.

  From the perspective of enterprises, from January to February, the amount of offshore service outsourcing undertaken by private enterprises was 12.42 billion yuan, a year-on-year increase of 39.4%.

The execution value of offshore service outsourcing undertaken by foreign-invested enterprises was 28.97 billion yuan, a year-on-year increase of 127.7%, accounting for 45.9% of the country's total.

  In terms of employment, as of February 2021, China's service outsourcing has absorbed 12.978 million employees, of which 8.242 million have a university degree or above, accounting for 63.5%.

From January to February, there were 69,000 newly-increased employees in service outsourcing, of which 49,000 had a university degree or above, accounting for 71.8%.