Hiring Developers In China: Evaluating Costs, Skills, Demand and Supply

The information technology sector in China has developed rapidly over the past two decades, becoming an important contributor to the country’s GDP.

China aims to transform its economy from one based on cheap labor by exporting manufacturing to one that is world-renowned for its innovation and technological prowess. Information technology is one of the seven strategic industries that will play a key role in this transition.

In recent years, foreign investors and several (small) domestic private firms have spurred rapid innovation and creativity in China’s tech sector.

In terms of total numbers, China has the most internet users worldwide. There are more than 900 million users, up from just 22 million in 2000. In addition, there are now one billion people who have access to mobile phones, and the number of people who use social media and smartphones is expected to grow exponentially in the near future.

If we look at total expenditures, the Chinese IT market is the fourth largest globally, behind the United States, Japan, and Germany. Business Monitor International estimates that the country has spent $104.5 billion on IT. Currently, it is the largest destination for software outsourcing, second only to India. Chinese IT experts predict yearly growth…