The human resources service industry in China still lags behind and can hardly meet the needs brought about by rapid social and economic development, according to a research report.

The report, titled the white paper on Chinese human resources service industry, was issued on Saturday at the opening ceremony of the sixth Asian Conference of the Academy of Human Resource Development in Beijing University.

The report said China's human resources service industry is faced by such problems as low level of marketization, rare supply of differential services and tailor-made services.

Compared with multinational giants that have already entered the Chinese market, domestic human resources service organs lag behind in talents, technology, experience and capital, it said.

The global human resources service industry has achieved rapid growth in recent years and has become a sunrise industry. According to statistics cited by the report, the market revenue of global human resources service will amount to more than US$100 billion in 2007.

The report was jointly written by the Center for Human Resources Development and Management Research of Beijing University and Shanghai Foreign Service Co., Ltd..

It is the first time that China has hosted the Asian Conference of the Academy of Human Resource Development, one of the influential human resource research institutes in the world. The conference attracted more than 400 experts and scholars from home and abroad.

(Xinhua News Agency November 4, 2007)