In a bold step toward further opening its telecommunications sector, China last month approved 13 foreign-invested firms to pilot value-added telecom services in key cities including Beijing, Shanghai, Hainan, and Shenzhen. This move marks a significant effort to integrate global standards into domestic regulatory practices.
The approved companies, which include affiliates and parent companies of renowned multinationals like T-Systems P.R. China Ltd. (linked with Deutsche Telekom in China), Siemens Digital Technology (Shenzhen) Co., Ltd, and Airbus, will now have the opportunity to offer advanced services such as internet access and various information services.
Shi Lina, director of the International Governance Department at the Policy and Economic Research Institute, explained that the decision aligns the domestic industry management system with high-standard international economic and trade rules. She noted that this initiative not only modernizes regulatory frameworks but also promotes continuous improvements throughout the telecom industry.
The policy is expected to spark further innovation within the telecom sector, paving the way for enhanced global integration and sustained economic growth. By embracing global practices, China is setting the stage for a vibrant, competitive market that benefits both domestic consumers and international investors.
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China's nod to 13 foreign firms for pilot telecom services praised
cgtn.com
