China's Ministry of Industry and Information Technology (MllT) launched on Oct 23 a pilot program to expand opening-up in value-added telecom services in four designated areas in Beijing,Shanghai, Hainan and Shenzhen.
The pilot program allows foreign investors to:
operate wholly-owned businesses such as internet data centers (lDC).
engage in online data processing and transaction processing in the designated areas. (According to chinadaily and THE STATE COUNCIL NEWS)
The pilot areas are:
Beijing's national comprehensive demonstration zone for expanding opening-up in the service sector
Lingang new area of the China(Shanghai) Pilot Free Trade Zone and the pioneer area for socialist modernization in Shanghai
Hainan Free Trade Port
Shenzhen pilot demonstration area of socialism with Chinese characteristics. (According to chinadaily and THE STATE COUNCIL NEWS)
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