Nanjing's booming service outsourcing industry would provide about 10,000 jobs to college graduates this year, Wang Shouwen, the city's vice mayor, said at a press conference of the third China International Service Outsourcing Cooperation Conference (CISOCC) on Thursday morning.
By the end of last year, Nanjing's service outsourcing industry had employed 120,000 college graduates, and the government would continue its efforts on training and employment promotion this year, Wang said.
Wang Shouwen, vice mayor of Nanjing, Jiangsu province, at a press conference of the 3rd CISOCC on Thursday in Nanjing. [chinadaily.com.cn]
Nanjing, the capital of Jiangsu province, planned to implement $2.8 billion in the service outsourcing industry this year, surging 60 percent from last year s $1.7 billion, Wang added.
In addition, the State Council, or cabinet, issued a document recently exempting the sales tax of offshore service outsourcing exports, which was a change from previous policies. The move would boost the development of the offshore service outsourcing industry, according to Wang.
There are eight overseas service outsourcing organizations working as co-organizers for the 3rd CISOCC, said Huang Zheng, vice councillor of China Council for the Promotion of International Trade, Jiangsu Sub-Council.
Contract value in this sector jumped 178 percent year-on-year to $2.21 billion in 2009. Offshore contract value took up more than half of the total, reaching $1.32 billion, a growth of 192 percent from the previous year.
During the first quarter of this year, the agreement contract value hit $1.87 billion, up by 33.8 percent year-on-year.
Press conference of the 3rd CISOCC held in Nanjing on Thursday. [chinadaily.com.cn]