Is China Willing To Serve Asia?
It is hard to believe that anyone who has been misled by a bad tempered Chinese waiter throws a pair of chopsticks on the waiting list.
The service sector; the tertiary industry
How much will it do?
Low cost manufacturing industry, China.
I am afraid the smiling service industry is not in China.
And, like IT, accounting and finance, the real bulk.
Service industry
The market belongs to India too, right?
Not necessarily.
Recently, about 300 people in Asia.
Corporate executives
The survey found that China seems to be losing no more than India in the competition of regional services.
The survey conducted by KPMG CPA covers the use of third party companies such as IT and accounting.
The survey found that 41% of the service companies employed by Asian companies came from China, while those from India accounted for 25%.
Ben Sinfindofell, an analyst at Royal Bank of Scotland, said in a recent report that the findings may be biased because many of the executives interviewed were from Northeast Asia.
But he still thinks this is a sign of China's emergence in service industry.
In his report entitled "China's service industry stands out and India is challenged," he wrote: "China has become more competitive in the service sector and has seized a share from India. There are many reasons for this."
Sin Finn do Phil believes that these reasons include: China's domestic market share is much larger (China is 8 billion 800 million US dollars, and India is US $3 billion 500 million); China has more graduates in service related fields; China is more likely to enter the Korean and Japanese markets.
Sin Finn do Phil said that another big advantage of China is better infrastructure, but Partha Ayyoung, an analyst at Gartner market research, believes that this condition may not matter in a digital era without borders.
The survey did not mention China's catering services.
However, if you are a senior executive in Japan or Korea, the beauty of outsourcing in the digital age is that if you don't have to go out, you will be able to bring your chopsticks to your face with a smile.
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