The executed value of China’s offshore service outsourcing with RCEP member countries in the first quarter increased 34.3 percent from the same period last year, according to data released by the Chinese Ministry of Commerce on April 21. Among them, the execution value of offshore service outsourcing from countries such as Indonesia and Singapore grew the fastest, with growth of 73.4 percent and 41 percent, respectively.
According to statistics, in the first quarter, the value of service outsourcing contracts entered into by Chinese enterprises was 5.76 billion yuan, and the value executed was 3.96 billion yuan, an increase of 18.2 percent and 24.4 percent, respectively. Among them, the value of offshore service outsourcing contracts was 3.12 billion yuan, and the execution value was 2.11 billion yuan, an increase of 18.1 percent and 22.7 percent, respectively. In the first quarter, the executed value of China’s offshore service outsourcing to Hong Kong, the US and the European Union increased by 13.9 per cent, 21.7 per cent and 32.2 per cent, respectively.
(Credits- China Media Group, Beijing)
Read the Latest India News Today on The Eastern Herald.
Copyright © 2023 The Eastern Herald.
For the latest updates and news follow The Eastern Herald on Google News, Instagram, Facebook, and Twitter.
Help us continue our mission to deliver the latest news and stories by becoming a supporter of our newspaper. Your support will help us to continue to provide high-quality journalism and to ensure that our content remains free and accessible to all. Click here to show your support. Thank you!