China lifts foreign ownership restrictions on value-added telecom services in four pilot areas.
China will remove foreign ownership restrictions on some value-added telecom services in four pilot areas: Beijing, Shanghai, Hainan, and Shenzhen. The services include internet data centers, content delivery networks, and internet service providers, among others. This move is part of China's efforts to expand high-standard opening-up and provide more opportunities for foreign companies.
April 10, 2024
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