Chinafotopress

When Hayden Hong came to Shanghai in September 2005, he was impressed by the Jin Mao Tower in Pudong, then the tallest building on the Chinese mainland. For him, it represented China’s talent and potential. “I arrived at the Pudong Shangri-La Hotel and looked up at this humongous tower. I instantly decided that this city could compete in the world,” he explains.

Inspired, Hong, who had started a number of businesses in the US and who previously worked as a project manager and senior architect at GE, set out to create an IT outsourcing business in the city. Today, his firm, Long Circle, a ......na’s outsourcing sector will weather the current economic turbulence and will continue to grow and develop. “The year 2009 will pick up slowly but surely for the Chinese market,” predicts CDG’s Yang. “The Chinese market will become more competitive as more vendors enter the market.”

And with the current financial downturn forcing many firms, both domestically and overseas, to look to cut costs and staffing levels, China’s outsourcing sector looks well-positioned to take advantage.