Communication and technology have been the humankind’s most used necessity nowadays. Reason why most government authorities from all over the world have been very supportive when it comes to empowering the business industry of telecommunications, most especially when it comes to foreign investors and that includes the government of China. We know that China Had been very exclusive to their own products, patriotism is what they had been practicing for over the centuries. Now, you will be able to know more about this matter with the following details.
The starting Point
It all started at the Shanghai Region when the state council of the country decided to create the latest free trade zone pilot which they call as the Pilot FTZ, and the main reason for having this project is for the implementation of enhanced strategies as well as with the maximization of proactivity of the business industry with the genuine desire of reform and innovations. The Government of local Shanghai, in alliance with the MIIT, or the Ministry of Industry and Information Technology are both in partner with each other in issuance of The Options. This is the country’s given opinions stating the added value for the industry of telecommunications Business in priority with foreign investors. China’s Government has then started to have the full support with that kind of business, starting in the month of January, 2014.
The Latest Developments and Initiatives
The Opinion, as stated above had set various initiatives with the purpose of permitting more of the foreign investments in the said value added industry of telecommunications. The very first of these initiatives is the opinions moved to have the cap elimination up to almost 50% with the foreign telecommunications investment with the used of couple of value added types of business in telecommunications that had already reached the pursuant to the country’s commitment to the World’ Trade Organization. Just like for example, when it comes to the information services, as well as with the forwarding and storage services provided.
From then on, The Opinions succeeded for opening any other given types of business sin relation to telecommunications. These are the call center industries, services for internet access, as well as with the multi-party services with domestic industry of telecommunications. The people started to enjoy the accessible internet services all over the country. Yet with the various types of telecommunication businesses that were proposed to have the opening for the foreign telecommunication businesses investors, only those domestic network services are accounted to have that cap for 50% with the foreign investments. A 55% cap for the foreign investment has already been subjected from the online data transactions and processing known as the E-commerce.
These new initiatives has set the foreign investors’ minds to establish latest expansion with all that provided value added operations to the telecommunications industry in the country of China. The country is now in the possibility of full investment with the Pilot FTZ.