Charles Chaw, producer of 6 episodes "Inside China Next Powerhouse", presents the opportunities of Norheastern China. In this Part 2 of third episode: A financial centre cannot do without a futures exchange market. Everyday, millions of commodity investors stay glued to electronic boards like these, as they monitor the slightest price movements. Investors, some of whom are farmers keep a close watch on the movements of key agricultural products like soybeans and corn on the Dalian Commodity Exchange. Besides the Dalian Commodity Exchange, two other two commodity exchanges can be found in Shanghai and Zhengzhou.
Dalian Hi-Think Computer Technology, or DHC, is one of the most competitive software companies in China. Set up in 1996, it focuses on software development and outsourcing to the Japanese market. As the cost of programming development and running a call centre in Japan is exorbitantly high, Japanese companies have begun to outsource these services to China. India is now the world leader in business process outsourcing, or BPO. However, DHC feels that Dalian's IT companies are fully capable of giving India a run for their money.
Global BPO giant Genpact has also set its sights on the lucrative Japanese and northeast Asian markets. In 2000, it set up a branch in the Dalian software park. Genpact aims to provide its clients with business services & technology solutions such as finance, accounting, customer and IT services.
The recent history of Dalian's software industry originated from the Dalian Software Park -- a world-class park built by the local government to attract first-class IT giants. The Dalian Software Park was set up in 1998. It aims to transform Dalian into China's Bangalore -- a hub for software development and information technology outsourcing.