22) Statistics Revealed the Growth of China's Software Outsourcing

The yearly growth in the value of national software outsourcing exports is 30.7 percent, according to Customs Statistics. What was also revealed is that the worth of the software that China exported in the first ten months was about 610 million U.S. dollars.

The figure on software exports that foreign-funded companies revealed in a press release amounts to 500 million U.S. dollars in the Jan. to Oct. period (40.4 percent higher than the year before). It was revealed by Customs Statistics that China's software exports to the United States and Hong Kong only stood at 70 million U.S. dollars respectively during this period. The figures for the European market are not provided.

A difficulty that puzzles the Chinese software industry is that Japan has a highly concentrated target market of exports, which took in 390 million U.S. dollars or 63.9 percent of China’s software exports in the first ten months.

It was predicted by experts that the global IT outsourcing market will reach 100 billion U.S dollars in 2007, with most of its share coming from the European and U.S. markets.

According to China Customs, Shanghai, Beijing and northeast China’s Liaoning Province account for 80.7 percent of the national software exports in the first ten months.

Based on a current press release, it is not until Chinese export-oriented offshore software outsourcing companies brake into the mainstream software market, that they can then gain the foothold in the global software outsourcing market.