So…Obama fans…I’m guessing you are in favor of all the increased outsourcing under the Obama recovery. I think I would prefer a Romney recovery and some trade deals (Obama has done zero trade agreements).
Against the gloomy economy in Europe and the United States, China’s service outsourcing industry grew robustly in the fist seven months of 2012, a senior official said on Sept 25, one day ahead the forth China Sourcing Summit in Hangzhou.
In the first seven months, the contract value of China’s service outsourcing industry grew by 58.1 percent to hit $32 billion, said Jiang Yimao, director of the service outsourcing department of Commerce Ministry.
The implemented value of service outsourcing grew by 52.7 percent over a year ago to reach $23.2 billion, Jiang said.
“The economic downturn in Europe and the United States has not affected China’s outsourcing industry. On the contrary, it had a positive influence because companies in the West spared no efforts to cut their business costs by offshore outsourcing,” Jiang said.