China combats US carrier restrictions by opening telecoms pilots to foreign outfits – Beijing drops 50% foreign ownership cap to attract new investment

Pilot scheme drops the need for foreign companies to form Chinese JVs The 50% cap on foreign ownership has been lifted in these regions US asserts China poses “an unacceptable risk” China has reportedly expanded a pilot program it’s been running since last year, allowing foreign telecom companies more access to its market amid despite tensions with the US seeing Chinese companies being actively blocked. This important update comes as US regulators continue to block Chinese telecom operators on national security grounds. As a result, what we’re seeing are opposing measures, with the US pursuing restrictions and China pursuing greater…