In the first three quarters of 2022, Chinese companies undertook services outsourcing contracts worth RMB1379.4 billion (the same currency hereinafter), with an executed value of RMB947.1 billion, up 12.9% and 12.6% year-on-year respectively. Of these, the contractual value of offshore services outsourcing stood at RMB782.4 billion, with an executed value of RMB550.3 billion, up 12.6% and 9.7% year-on-year respectively. (In US dollar terms, the contractual value of services outsourcing undertaken in the first three quarters was US$212.4 billion, with an executed value of US$145.6 billion, up 15.8% and 15.3% year-on-year respectively. Of these, the contractual value of offshore services outsourcing stood at US$120.7 billion, with an executed value of US$84.7 billion, up 15.2% and 12.3% year-on-year respectively.)

In terms of business structure, for the first three quarters, Chinese companies registered RMB241.1 billion, RMB91.4 billion and RMB217.8 billion in their executed value of ITO, BPO and KPO, up 4.1%, 12.6% and 15.2% year-on-year respectively. Of these, offshore services outsourcing such as new energy technology research and development service, IT solution service and internet marketing and promotion service grew rapidly, up 160.0%, 128.5% and 58.9% year-on-year respectively.

Geography-wise, from Q1 to Q3, the 37 demonstration cities for services outsourcing nationwide undertook RMB704.4 billion in contractual offshore services outsourcing, with an executed value of RMB499.1 billion, up 13.2% and 10.2% year-on-year respectively and accounting for 90.0% and 90.7% of the national total. The Yangtze River Delta region registered RMB371.7 billion in contractual offshore services outsourcing, with an executed value of RMB281 billion, up 13.2% and 12.5% year-on-year respectively and accounting for 47.5% and 51.1% of the national total.

In the international market, in the first three quarters, China’s executed value of offshore services outsourcing contracts from the US, Hong Kong SAR and the EU stood at RMB117.9 billion, RMB110.2 billion and RMB70 billion, up 7.1%, 17.3% and 14.1% year-on-year respectively and accounting for 54.2% of the total executed value of offshore services outsourcing. China’s executed value of offshore services outsourcing contracts from RCEP members stood at RMB132.6 billion, up 8.2% year-on-year and accounting for 24.1% of the total executed value of offshore services outsourcing. In particular, the executed value of contracts from New Zealand, Indonesia and Singapore grew rapidly, up 102.0%, 59.6% and 31.6% year-on-year respectively.

By business ownership, from Q1 to Q3, private enterprises reported an executed value of RMB168.4 billion in contractual offshore services outsourcing, accounting for 30.6% of the national total and up 27.3% year-on-year, beating the national average by 17.6 percentage points. Foreign-invested enterprises registered an executed value of RMB246.5 billion in contractual offshore services outsourcing, accounting for 44.8% of the national total and up 9.7% year-on-year, on a par with the national average.

On the employment side, as of the end of September, China’s services outsourcing sector had 14.58 million employees, up 7.7% year-on-year, including 9.39 million with a college degree or above, accounting for 64.4%. In the first three quarters, the sector added 630,000 new employees, including 420,000 with a college degree or above, accounting for 66.1%.

(All information published on this website is authentic in Chinese. English is provided for reference only.)