The Chinese government has launched a pilot program to relax foreign ownership restrictions in certain value-added telecommunication services, aiming to attract foreign investment and enhance market activity.
- China is relaxing foreign ownership limits in certain value-added telecommunication services to attract more foreign investment and enhance market activity.
- The pilot program will initially roll out in four strategic regions, lifting restrictions on foreign shareholding for various value-added telecommunication service sectors.
- The successful execution of the pilot program could lead to broader participation of international entities in China’s telecommunications and internet industry, contributing to a deeper integration of China into the global digital economy.
The program, outlined in a recent circular, will initially roll out in four strategic regions and aims to lift foreign…
