China's opportunity in offshore services

China could capture opportunities worth $56 billion a year in the global market for services offshoring and outsourcing if it implements an aggressive strategy to develop the sector and cultivate talent.
China can draw on unique strengths, such as a large number of Japanese and Korean speakers and excellent telecom infrastructure, but it also faces formidable challenges, including a shortage of workers who can manage international projects and speak English well.

Exhibit 1: China faces major challenges in becoming a global giant in offshoring and outsourcing services.

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