![]() "Value-added service is a significant area that China has committed to opening up the most in the telecom services industry," he said. Zeng Jianqiu, a professor of telecommunications economics at Beijing University of Posts and Telecommunications, said the move is an indication of China's commitment to further open its services sector and will bolster the development of the information communication industry over the long term. In addition, foreign companies integrated in Haidian Science Park of Beijing's Zhongguancun, the nation's first demonstration zone for independent innovation, will have shareholding limits scrapped on information services exclusively for app stores.įoreign companies in Beijing's demonstration zones that are designated to expand the opening-up of the services sector will also have ownership limits on internet access services lifted. Overseas telecommunications operators can set up joint ventures to provide VPN services to foreign enterprises in Beijing, according to an announcement posted on the central government's website on Monday. The State Council, China's Cabinet, has greenlighted Beijing's plan to allow foreign companies to invest in virtual private networks with ownership capped at 50 percent, a move that shows the country's determination and confidence to further open up the telecommunications services sector, industry experts said. ![]()
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