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China will strive to become a major base for international service outsourcing, said Chinese Vice Premier Wu Yi Friday.
Service outsourcing will become a new area of foreign investment for the country,[link widoczny dla zalogowanych], said Wu at the 2006 International Investment Forum held in Xiamen,[link widoczny dla zalogowanych], east China's Fujian Province.
China will encourage multinationals to outsource services from China, she said.
China is already a favorite choice for multinationals' overseas research and development (R&D) and could build on that to provide them with a range of outsourced services,[link widoczny dla zalogowanych], Wu quote a report by the United Nations Conference on Trade and Development as saying.
More than four million students graduate from college every year in China, providing a huge talent pool for high-end industry service outsourcing, said the vice premier.
China's objectives for the 11th Five-Year Plan period (2006-2010) are to lower energy consumption per unit of gross domestic product (GDP) by 20 percent and also to boost GDP per capita to double the 2000 level.
As a vast developing nation, China faces an array of challenges in fulfilling the goal, said Wu.
As China seeks to restructure its industry,[link widoczny dla zalogowanych], the service sector, service outsourcing, high-end manufacturing and R&D become increasingly attractive,[link widoczny dla zalogowanych], said Wu.