Since 2006, Chinas market for the outsourcing of technology services has experienced rapid growth and has been heralded as a challenger to Indias market dominance. According to Chinas Ministry of Commerce, the total contract value of executed outsourcing contracts in 2010 with Chinese-based service providers was approximately .8 Billion, a 43.1 per cent increase from the prior year.
Nonetheless, this rapid growth represents a mere fraction of the global IT services market and hardly 26 per cent of Indias market volume.
So how can China rise to compete globally in IT Services?
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