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Foreign Telecom Companies Allowed To Hold Bigger Chinese Stakes

Aggregated Source: ChinaTechNews.com
December 13, 2006|

According to its commitment to the WTO, China has further opened its policy to the foreign telecom industry. It has now allowed foreign investors to increase their stake in joint venture telecom companies with a local firm from the previous 33% to 49% from December 12, 2006. China pledged upon its entry into the WTO that it [...]

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