National and local governments play significant role in attracting foreign investment
DALLAS, June 11 /Xinhua-PRNewswire/ -- New research from Alsbridge, the award winning outsourcing, offshoring and shared services advisory firm, says that China's next Top 10 cities show tremendous promise in the information technology outsourcing market. To view details of the city selection process, please visit: http://www.outsourcingleadership.com/chinesecities.jpg .
The company has selected ten Chinese cities based on accessibility, population, education, resources and economic stability. These attributes complement the notion that China offers a wealth of outsourcing promise and that the larger cities such as Beijing, Dalian, Hong Kong and Shanghai are not the country's only outsourcing hubs.
Outsourcing hotspots in China include: Chengdu, Shenyang, Guangzhou, Hangzhou, Jinan, Nanjing, Shenzhen, Tianjin, Wuhan and Xian. With more than 1.3 billion people in China, these cities offer a substantial population of skilled IT professionals. Each city has several major universities and multinational companies such as HP, Microsoft, IBM and Siemens have already established outsourcing centers in these cities.
This research found that although China is not yet fully competitive in the ITO and BPO sectors, it has great potential to achieve a significant position in the global outsourcing marketplace. One of the main reasons China competes well in the ITO market is that the economic vitality of the cities are most backed by local and national officials who encourage foreign investment.
In pursuit of their goal to quadruple the country's outsourcing export by 2010, the Chinese government has supported the establishment of Hi Tech Development Zones and Software Parks in the several cities across the nation that are being developed as major outsourcing centers. Local government in these locations help the cities develop their capabilities and capacity in the ITO industry by providing incentives for foreign companies and investing in the infrastructure development. In all of these cities, the local governments support the efforts of the IT industry by providing incentives for companies that develop new business there. The governments, in turn bring attention to the investing desirability of these cities by building large industrial parks for software development and other IT operations, as well as strengthening the infrastructure currently in place to attract new investors.
"China's potential is real and gaining momentum. The country is very technology oriented, and this benefits it greatly in the ITO space," said Ben Trowbridge, Alsbridge CEO. "However, more time is needed to assess China's capabilities as a BPO player."
Free China Outsourcing Seminar
Alsbridge is planning a free seminar on outsourcing in China. This seminar will include commentary by experienced off shoring experts and will focus on lessons learned as well as recent research on the most desirable locations. To register for the seminar, visit http://www.outsourcingleadership.com . The company is also planning a corporate site visit for executives looking to move forward with their outsourcing plans. The tour is scheduled for the first week in December. More information is available at this web address: http://www.outsourcingleadershipforum.com/worldtour2007china.html .
About Alsbridge:
Alsbridge is the award winning global advisory firm, providing unbiased advice and assistance on outsourcing, shared services and offshoring. Alsbridge consultants bring extensive vertical industry expertise and a practical knowledge of all areas within information technology and business process outsourcing. The firm's proven methodology incorporates proprietary collaborative sessions, bringing together executive teams from both the client and the provider in an environment that fosters collaboration. Alsbridge supports its recommendations and assistance through significant investments in proprietary benchmarking and ongoing research within the industry. For more information, visit http://www.alsbridge.com .
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