CHINA

CHINA

China has a large fund of talented professionals in information technology (IT). In 2007 in China, 350,000 students graduated with a degree in a field related to IT. Other 120,000 students studying abroad and graduating many of them return to China. This large number of graduates allows China to maintain its advantage of low costs without compromising quality, internationally based, innovation and technological integrity. Compared to other outsourcing destinations, China has obvious advantages in terms of cost. This advantage comes from the vast resources available to the developer and the support of government, low taxes assigned to the IT industry. All this has accelerated the progress in research and development (R & D) in the year 2006, the growth rate of R & D in China reached 22%.

During the past 35 years China has been investing heavily in developing and modernizing its infrastructure. As a result of sustained investment, China is now enjoying the benefits of some public transport systems and communication of the highest quality in the world. This high-quality infrastructure exists not just in big cities like Beijing and Shanghai but also in cities of second and third level. In 2009, China ranks first in the number of mobile phone users with more than 641 million fixed telephony with 981 million and 298 million internet. Advanced fiber optic network is the backbone that supports Internet services in China. All cities in second and third levels have a communications infrastructure as a first-class cities. This will help China to maintain its cost advantage by outsourcing in the cities of the second and third tier cities where the more expensive class.

China has the second largest economy in the world after the United States with a GDP of U.S. $ 7.8 billion (2008) when measured in purchasing power parity basis (PPP). It is the third largest in the world after the U.S. and Japan, with a nominal GDP of U.S. $ 4.3 billion (2008) when measured in terms of rate of change. China's economy has had the fastest growth among major states during the past quarter century at an average annual GDP growth exceeding 10%. In China, per capita income. capita has grown at an average annual rate of over 8% in the last three decades. The enormous scale of the economy and the large increase in capacity has turned China into a battleground for international companies looking to enter the last of the major markets.
In 2007, the GDP growth rate was 11.7% and the rate of growth of the outsourcing industry was 48.5%.

This growth is attributed in part to the fact that China has become one of the nations best "connected"in the world, enabling collaboration and exchange of information online quickly, effectively and safely. Ascert is ideally placed to exploit this competitive advantage.