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MOFCOM Department of Trade in Services and Commercial Services Comments on the China’s Service Trade in the 1st Quarter and the Service Outsourcing Development Situation in January-April

The principal of the MOFCOM Department of Trade in Services and Commercial Services introduced the media China's service trade in the 1st quarter of 2016 and the service outsourcing development situation in January-April on May 13.

According to the statistics, in the first quarter this year, China's service trade continued to maintain a good momentum of development. The service import and export volume reached RMB1.2218 trillion, up 23.7% compared with the same period last year. Among these, the export was RMB428.6 billion, up 4.5% year on year and the import was RMB793.2 billion, up 37.3% year on year. The proportion of service trade among the foreign trade continued to be improved and its role in promoting the upgrading of the foreign trade structure was obvious.

The principal pointed out that in the 1st quarter of this year, China's service trade structure was further optimized and the export growth of some key fields was fast. The import and export volume of telecommunication, computer and information service reached RMB58.74 billion, up 22.8% year on year, among which the export was RMB42.49 billion, up 28.6% year on year. Modern commercial service export growth such as professional and managerial consulting was favorable, among which the accounting service export was RMB2.06 billion, up 28.8% year on year and the advertising service export was RMB6.44 billion, up 34.8% year on year.

According to the statistics, in January-April, the value of the contractual service outsourcing signed by the Chinese enterprises was RMB276.06 billion and the executed value was RMB170.84 billion, up 23.9% and 7.5% respectively year on year. Among these, the value of contractual offshore service outsourcing was RMB193.53 billion and the executed value was RMB112.04 billion, up 37.9% and 6.1% year on year respectively. He pointed out that the service outsourcing development in January-April mainly showed the following features:

Firstly, the United States, Europe, Hong Kong, Japan and South Korea are the major markets of China's international service. In January-April, the executed value of the offshore service outsourcing undertaken by China from the United States, Europe, China Hong Kong, Japan and South Korea was RMB24,44 billion, RMB18.13 billion, RMB18.01 billion, RMB9.23 billion and RMB7.2 billion respectively, accounting for 68.7% of China's total executed value of the offshore service outsourcing.

Secondly, the growth of business process outsourcing accelerated and the proportion was improved. In January-April, the executed value of the offshore information technology outsourcing, business process outsourcing and knowledge process outsourcing undertaken by the Chinese enterprises were RMB57.01 billion, RMB17.67 billion and RMB37.35 billion, up 8.3%, 15.1% and 0.6% respectively year on year, accounting for 50.9%, 15.8% and 33.3% respectively. The offshore business process outsourcing took the lead in the whole growth of service outsourcing. The major reason was that the growth of supply chain outsourcing service, data processing and call center service accelerated, increasing more than 50% year on year.

Thirdly, the contractual scale of provinces and cities along the line of the Yangtze economic belt continued to be expanded. In January-April, the contractual value of the offshores service outsourcing undertaken by the provinces and cities along the line of the Yangtze economic belt was RMB93.48 billion, up 8.7% year on year. The executed value was RMB69.14 billion, maintaining the same year on year. Among these, the contractual value of the offshore service outsourcing undertaken by Shanghai was RMB25.37 billion and the executed value was RMB12.24 billion, up 48.3% and 20.5% year on year respectively.