China has moved to open its value-added telecommunications sector to foreign investment, with 166 overseas-funded enterprises receiving approval to operate in key pilot zones, the Ministry of Industry and Information Technology (MIIT) announced on Wednesday.

China has moved to open its value-added telecommunications sector to foreign investment, with 166 overseas-funded enterprises receiving approval to operate in key pilot zones, the…

China lifted the previous 50 per cent foreign ownership cap to allow wholly foreign-owned enterprises to operate within pilot zones.