- ACCESS FASTEST GROWING ECONOMY:
China is now the 2nd largest economy in the world and continues to grow at a 10% rate annually. The economy grew at its fastest pace for ten years in 2006, adding 10.2% to GDP with forecasts to add 10.2% in 2007.
- MARKET OPPORTUNITY:
Establish a presence in the domestic Chinese market. Technical resources in-country can serve as an effective beachhead for future business development activities.
- COST ADVANTAGE:
China's costs are typically 20-30% lower than India and much more resistant to the kind of wage inflation that India is experiencing.
- RESOURCE AVAILABILITY:
China university systems expected 5m graduates in 2006 up from only 3.5m in 2003. Graduates more than doubled in the past ten years.
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- GEO-POLITICAL DIVERSIFICATION:
Spreading offshore activities across different countries protects you from unexpected changes in politics, business/currency conditions or other changes.
- VENDOR DIVERSIFICATION:
Maintain more control, foster competition and spur performance by working with more than one outsourcing vendor. Having more than one choice also means you can respond and scale more quickly and gives you the flexibility of selecting the best vendor for each job.
- LOCATION, LOCATION, LOCATION:
Many companies, especially from the Western US, view China as their preferred destination based on the ease of travel to the country. In addition to being extremely unproblematic to arrive at, its domestic transportation system is very well developed.
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