2013-2023 China's services outsourcing sector grows to $215.4bn, 40% of services exports, with an 13.2% annual growth rate.

China's services outsourcing sector has seen substantial growth from 2013 to 2023, with the annual value of offshore contracts rising from $62.3 billion to $215.4 billion, averaging a 13.2% growth rate. In 2023, the contract value reached $151.4 billion, making up 40% of China's services exports. The industry employed 16.34 million people, with 10.67 million holding university degrees. China plans to enhance policy support to upgrade the sector and foster innovative service models.

September 10, 2024
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