News Snapshot:
China's service outsourcing industry posted steady expansion in the first four months of this year, data from the Ministry of Commerce showed Thursday. Chinese firms inked service outsourcing contracts worth 589.9 billion yuan (about 87.4 billion U.S. dollars) during the January-April period, up 8.8 percent year on year. The executed contract value totaled 387.2 billion yuan, representing a year-on-year increase of 15.3 percent. Outsourcing is the business practice of hiring a party outside a company to perform services and make goods traditionally undertaken by the company's employees. Of the total, the offshore-service outsourcing contract value rose 7 percent from a...
