China’s offshore service outsourcing exceed the $100 billion value for the first time with the business standing at $105.78 billion in 2020. This meant a 9.2% expansion versus a year ago which led to a 3.8$ increase in the growth of China’s service exports. The country has now achieved the goal it set for its 13th five-year plan period covering 2016-2020. China’s service outsourcing with the USA amounted to 155.06 billion yuan in terms of completed contract value. This is a 17% increase from a year ago.
