2008-09-22

China's Growing Software Development Outsourcing Industry – Another Great Venue in its $12 Billion IT Service Industry

A recent survey indicates that hosting the Beijing Games changed some views of China among the 4.7 billion people who watched the event on TV. According to an online survey conducted by the Nielsen Co of viewers in 16 countries after the closing ceremony, 70% said Beijing appeared more modern and high-tech than they had expected. Technology was one of the self-proclaimed pillars of Beijing's Games, and organizers put it on display during the opening ceremony, which featured a giant digital scroll.

With the current recession, this is also good news for China's emerging software development outsourcing industry. China's commercial and technology growth objectives for the next decade are evolving from being the world's manufacturing assembly hub to becoming a key player in this millennium's knowledge economy. China's software product and services sector are well-positioned to realize these goals through the development, marketing and export of high-tech services.

OECD stated in its recent review of China's technology and innovation policy that the country's investment in high-tech research and development ranked sixth in the world for total spending. China is therefore firmly on its way to reach its full potential. The main focus of China's innovation system is the encouragement of enterprise-led ICT sectors, such as software development, along with biotechnology and energy research.

It is therefore advisable for foreign companies to check out China as an option for offshore IT services – China has a huge human resources pool of software skilled resources; has an increasing stream of enthusiastic university graduates; and last but not least an excellent track record in providing offshore software services over many years to both East Asian and American IT companies.

In short, it is worthwhile checking out China, especially since Chinese firms are very serious in their intentions, are committed to forge successful long-term relationships, and are enthusiastic about the opportunities and potential presented to them.

Source:  http://www.chnsourcing.com/article/news/2/243620080922105333.html

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