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Chongqing Reaches 5.1 Billion USD of Service Trade Value in the First Half of 2014

    On July 17, Chongqing Foreign Trade & Economic Relations Commission declared that Chongqing has reached 5.1 billion USD of service trade value in the first half of this year, an increase of 21% year on year.
    It was learned that, in the first half of this year, the import value in services trade reached 3 billion USD, and the export value reached 2.1 billion USD. The import and export countries and regions are mainly concentrated in the United States, Hong Kong, Canada, the UK, and Japan, among which, the United States and Hong Kong accounted for 38% and 19% of the total export-import value of service trade industry, respectively. Modern service industry accounted for 46%, and the traditional tourism and transportation industry accounted for 20% and 16%, respectively. The patent licensing royalties and computer information services in modern service industry accounted for 25% and 7%, respectively.
    In particular, the offshore outsourcing contract value reached 550 million USD in the first half of this year, the value of executed contracts amounted to 520 million USD. Among which, the value of KPO (knowledge process outsourcing), as the representative of the high-end business type, amounted to 316 million USD, accounting for 60%; the value of ITO (information technology outsourcing), as the representative of the middle-end business type, reached 98 million USD, accounting for 19%; and the value of BPO (businessman process outsourcing), as the representative of the low-end business types, was up to 108 million USD, accounting for 21%.
   

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