An Egyptian and a Romanian technicians working for Chinese companies in Yemen prepare to board a Chinese navy vessel in Aden Harbor, Yemen, March 29, 2015. China is withdrawing hundreds of citizens from Yemen with the help of Chinese warships, Foreign Ministry Spokeswoman Hua Chunying said Monday. Hua told a daily press briefing that China has already moved 122 citizens from Yemen to Djibouti. (Xinhua/Xiong Libing)
An Egyptian and a Romanian technicians working for Chinese companies in Yemen prepare to board a Chinese navy vessel in Aden Harbor, Yemen, March 29, 2015. China is withdrawing hundreds of citizens from Yemen with the help of Chinese warships, Foreign Ministry Spokeswoman Hua Chunying said Monday. Hua told a daily press briefing that China has already moved 122 citizens from Yemen to Djibouti. (Xinhua/Xiong Libing)

Chinese companies inked service outsourcing contracts worth 349 billion yuan (53 billion U.S. dollars) in the period, up 24.8 percent year on year, faster than the 23.9 percent increase recorded in the first four months.

Among the deals were offshore service outsourcing contracts valued at 237.6 billion yuan, up 37 percent year on year, according to the MOC.

In May alone, offshore contracts hit 40.5 billion yuan, rising 32.8 percent from a year earlier.

Outsourcing of information technology-related contracts accounted for nearly half of all offshore deals carried out in the first five months, the data showed.

China’s service outsourcing sector was described by the State Council as a “green industry” that will be a new engine for tertiary industry and a boon to increasing employment. Enditem

Source: Xinhua/NewsGhana.com.gh

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