Published at: www.bloomberg.com
Next Big Thing - Service Outsourcing In China
October 31, 2009
The next push by the government is "Service Outsourcing" which aims to:1) Make use of the boom in white collar labor - University graduates in China ballooned from 600k per year in 1998 to more than 7.5 MM in 2009;2) Increase competitiveness and transparancy by encouraging use of third-party outsourcers for Chinese businesses and government agencies;3) Limit dependency on manufacturing to power the economy - billed as a "green initiative" but also developing a "Service Economy" of 300 MM people.