China has expanded a pilot program to grant foreign telecom companies greater access to its market by lifting the 50% foreign ownership cap on telecom value-added services in specific regions. This move comes in response to US restrictions on Chinese telecom operators over national security concerns. The pilot scheme eliminates the requirement for foreign companies to form joint ventures in China, allowing them to establish fully foreign-owned operations in approved zones such as Beijing, Shanghai, Hainan, and Shenzhen.
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