Core Insights - The total execution amount of service outsourcing by Chinese enterprises from January to May 2025 was 640.53 billion RMB, a year-on-year decrease of 2.4% [1] - The offshore service outsourcing execution amount reached 365.71 billion RMB, showing a year-on-year growth of 8% [1] Group 1: Business Structure - The execution amounts for offshore Information Technology Outsourcing (ITO), Business Process Outsourcing (BPO), and Knowledge Process Outsourcing (KPO) were 151.69 billion RMB, 71.51 billion RMB, and 142.51 billion RMB, with year-on-year growth rates of 4.3%, 26.2%, and 4.5% respectively [1] - Business operation services and maintenance services experienced significant growth, with execution amounts of 44.48 billion RMB and 23.66 billion RMB, reflecting year-on-year increases of 20.7% and 46.5% [1] Group 2: Regional Distribution - The 37 service outsourcing demonstration cities in China collectively executed offshore service outsourcing worth 324.72 billion RMB, a year-on-year increase of 8.8%, accounting for 88.8% of the total offshore service outsourcing execution [1] - The Yangtze River Delta region executed offshore service outsourcing worth 190.84 billion RMB, with a year-on-year growth of 6.2% [1] - The Beijing-Tianjin-Hebei region executed offshore service outsourcing worth 39.6 billion RMB, showing a year-on-year increase of 14.3% [1] Group 3: International Market - The top three sources of offshore service outsourcing for China were the United States, Hong Kong, and Singapore, with execution amounts of 69.4 billion RMB, 67.56 billion RMB, and 51.57 billion RMB, reflecting year-on-year growth of 2.6%, 0.7%, and 50.4% respectively, together accounting for 51.6% of the total offshore service outsourcing execution [2] - The execution amount from RCEP member countries reached 112.59 billion RMB, with a year-on-year growth of 24% [2] - The execution amount from countries involved in the Belt and Road Initiative was 123.01 billion RMB, showing a year-on-year increase of 24.7% [2] Group 4: Employment Impact - As of the end of May 2025, the service outsourcing sector in China had absorbed a total of 17.205 million employees, with 11.276 million holding a university degree or higher, representing 65.5% [2] - In the first five months of 2025, the service outsourcing sector added 240,000 new employees, with 168,000 of them holding a university degree or higher, accounting for 70% [2]

Core Insights - The total execution amount of service outsourcing by Chinese enterprises reached 524.75 billion RMB in the first four months of 2025, with a year-on-year growth of 0.8% [1] - Offshore service outsourcing execution amounted to 301.26 billion RMB, showing a significant year-on-year increase of 9.7% [1] Group 1: Business Structure - The execution amounts for offshore Information Technology Outsourcing (ITO), Business Process Outsourcing (BPO), and Knowledge Process Outsourcing (KPO) were 128.62 billion RMB, 59.09 billion RMB, and 113.55 billion RMB, reflecting year-on-year growth rates of 10.3%, 19.6%, and 4.6% respectively [1] - The highest execution amounts were in information technology research services (101.03 billion RMB), business operation services (37.29 billion RMB), and design services (71.12 billion RMB), with respective year-on-year growth of 5.2%, 15.1%, and 6.7% [1] Group 2: Regional Distribution - The 37 service outsourcing demonstration cities collectively executed offshore service outsourcing worth 269.86 billion RMB, a year-on-year increase of 10.7%, accounting for 89.6% of the national total [1] - The Yangtze River Delta region executed offshore service outsourcing worth 153.39 billion RMB, with a year-on-year growth of 6.8% [1] - The Beijing-Tianjin-Hebei region executed offshore service outsourcing worth 33.16 billion RMB, showing a year-on-year increase of 15% [1] Group 3: International Market - The top three sources of offshore service outsourcing for China were Hong Kong, the United States, and Singapore, with execution amounts of 56.74 billion RMB, 56.3 billion RMB, and 46.49 billion RMB, reflecting year-on-year growth of 0.3%, 5.4%, and 59.7% respectively, together accounting for 53% of the total offshore service outsourcing execution [2] - The execution amount from RCEP member countries reached 94.25 billion RMB, with a year-on-year growth of 28.6% [2] - The execution amount from countries involved in the Belt and Road Initiative totaled 101.92 billion RMB, showing a year-on-year increase of 27.5% [2] Group 4: Employment Impact - As of the end of April 2025, the service outsourcing sector had absorbed 17.185 million employees, with 11.263 million holding a university degree or higher, representing 65.5% [2] - In the first four months, the sector added 220,000 new employees, with 156,000 of them holding a university degree or higher, accounting for 70.9% [2]

Group 1 - The China Council for the Promotion of International Trade (CCPIT) emphasizes the importance of service trade in promoting high-quality economic development and actively participates in the formulation of national, industry, and group standards in the service trade sector [1][2] - The CCPIT has developed a group standard for "Cross-border E-commerce Logistics Service Guidelines" to support small and medium-sized enterprises in their international expansion [1] - The China Service Trade Standardization Forum has been successfully held eight times, becoming an authoritative platform for communication in the field of service trade standardization in China [1] Group 2 - The CCPIT focuses on international cooperation in service trade by creating platforms for international exhibitions, trade negotiations, and training exchanges to facilitate the "going out" of Chinese services and the "bringing in" of high-quality overseas resources [2] - The upcoming ninth China Service Trade Standardization Forum will explore new models and directions for service trade standardization under the theme "New Paths for Standard Cooperation, New Future for Service Trade" [2] - Future plans include enhancing service trade innovation with a focus on digitalization, greening, and specialization, as well as strengthening talent cultivation through partnerships with universities and vocational schools [2]

Core Viewpoint - Shenzhen's service trade development support policy aims to promote high-quality growth in the service trade sector through ten key initiatives, including digital trade, international service outsourcing, and enhancing financial service exports [1][2]. Group 1: Digital Trade Development - The policy supports service trade enterprises in cross-border data transmission and digital service exports, offering up to 1 million yuan in rewards for qualifying companies [1]. - It encourages the development of high-value outsourcing services, particularly in IT and knowledge process outsourcing, with similar financial incentives for eligible firms [1]. Group 2: Professional Services and Market Expansion - The initiative aims to cultivate high-end professional service exports, including accounting and legal services, by attracting and nurturing internationally competitive firms, providing rewards of up to 1 million yuan [1]. - There is a focus on expanding the market for high-end professional services, with specific support for companies achieving growth in revenue [2]. Group 3: Financial Services and Risk Management - The policy promotes the innovation of cross-border financial services, with rewards of up to 2 million yuan for qualifying financial service trade enterprises [2]. - It also supports service trade companies in enhancing their risk management capabilities through export credit insurance, offering financial assistance based on actual premium payments [2]. Group 4: Overall Growth of Service Trade - Shenzhen's service trade has shown a positive trend of "increased quantity and improved quality," with a growing number of knowledge-intensive service trade enterprises and enhanced international competitiveness [3]. - The city has developed a robust service marketing network and supply system, fostering a diverse range of innovative companies, including major players like Huawei and Tencent [3].