FinanceAsia Why China
Eric Rongley China has many of the advantages that attracted foreign companies to India a highly-skilled, low-cost workforce. China churns out 250,000 science and engineering graduates per year. There is a language barrier, but then that's where a company like us comes in. We know the local market while having our top managers trained in the US.
As for India, it's already getting mature and we are seeing profit margins pushed down to around 20% from much higher levels previously. I estimate China is around five years behind India.
Outsourcing, on a global basis, is a massive trend. That's the basis of my move...