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Global outsourcing industry converges on Jiangsu

By Song Hongmei (China Daily)
Updated: 2009-06-22 07:50

Nearly 100 overseas companies from a range of countries, including the UK, the US and France will gather in Nanjing, the capital of Jiangsu province tomorrow, to attend the second China International Service Outsourcing Cooperation Conference (CISOCC).

Jointly sponsored by the Ministry of Commerce, the China Council for the Promotion of International Trade (CCPIT) and the Jiangsu provincial government, the CISOCC will run from June 23 to 24, said Zhao Xiaojiang, vice mayor of Nanjing, at a Beijing press conference prior to the event.

Zhao said: "The CISOCC event aims to provide a platform for both the Chinese and overseas service outsourcing industries to exchange opinions, compare experiences, discuss global outsourcing trends, and meet face-to-face with potential partners and clients.

"With global markets still hard hit by the ongoing financial crisis, more multinational companies and financial institutions are looking to outsource their business to less costly regions. This creates a real opportunity for Chinese outsourcing enterprises.

Related readings:  Nanjing unveils five model outsourcing zones  Dalian's software outsourcing industry expands  Outsourcing still hot business in China  China's first financial outsourcing research center set up in Kunshan, Jiangsu

"The CISOCC provides a platform for these service sellers to meet and select their most reliable Chinese partners in order to lower their costs and maximize their profitability."

The 100 overseas companies in attendance will have the opportunity for individual meetings with representatives from more than 400 Chinese service-outsourcing companies. With outsourcing companies from 30 cities across China in attendance, delegates will have the opportunity to discuss possible cooperation in a number of fields, including information technology, animation, industry design, bio-medicine and financial services.

In addition to these matchmaking meetings, the CISOCC agenda also includes a global service outsourcing summit, a leading service outsourcing enterprise forum and a pilot city forum.

Senior Chinese government officials, international strategic outsourcing experts - including leaders of service outsourcing associations from the US, India, Japan and the UK - as well as senior executives from multinational corporations, will all attend the summit.

The key themes of the summit will include trends in global outsourcing, outsourcing strategies during an economic downturn, and the comparative advantages of China over other global out-sourcing destinations.

Government officials from the Ministry of Commerce, the Ministry of Science and Technology and other related departments will also outline the country's latest service outsourcing policies at the conference. This will include a breakdown of the raft of tax breaks and subsidies announced by the Chinese government in February in a bid to stimulate growth in the sector.

At the enterprise forum, senior executives from leading domestic and foreign companies in the service outsourcing sectors will give a number of presentations pertinent to current developments. These are scheduled to include the development of the outsourcing industry, current market developments, the protection of intellectual property rights (IPR) and the need for appropriate staff training.

The CCPIT will also announce the list of the country's leading service outsourcing companies and present awards to the top 10 during the course of the forum.

China has also identified 20 pilot cities to take part in a program that offers distinct incentives to businesses that opt to participate in outsourcing activities. Three of the 20 pilot cities - Nanjing, Suzhou and Wuxi - are located in Jiangsu.

Representatives of the 20 cities, which also include Beijing, Shanghai, Shenzhen, Dalian and Xi'an, will be present to exchange views and share outsourcing experiences during the two-day event.

The organizers have also invited a number of leading Chinese economists - including Wu Jinglian, senior economist at the Development Research Center of the State Council and Jiang Xiaojuan, vice-director of the research office of the State Council - to attend the Nanjing forum and advise on appropriate strategies for individual Chinese cities to develop their own service outsourcing industry base.

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