China Launches Pilot Program to Expand Opening-Up of Value-Added Telecom Services in Four Cities, Enabling Foreign Companies to Deeply Participate in Digital Industry Development

China Launches Pilot Program to Expand Opening-Up of Value-Added Telecom Services in Four Cities, Enabling Foreign Companies to Deeply Participate in Digital Industry DevelopmentOn October 23rd, the Ministry of Industry and Information Technology (MIIT) convened a seminar on the pilot program for expanding the opening-up of value-added telecom services, officially launching the program in Beijing, Shanghai, Hainan and Shenzhen. MIIT stated that by September 2024, the number of foreign companies authorized to operate telecommunications businesses in China had increased to 2220

China Launches Pilot Program to Expand Opening-Up of Value-Added Telecom Services in Four Cities, Enabling Foreign Companies to Deeply Participate in Digital Industry Development

On October 23rd, the Ministry of Industry and Information Technology (MIIT) convened a seminar on the pilot program for expanding the opening-up of value-added telecom services, officially launching the program in Beijing, Shanghai, Hainan and Shenzhen. MIIT stated that by September 2024, the number of foreign companies authorized to operate telecommunications businesses in China had increased to 2220. A number of internationally renowned companies have invested in and operated telecommunications businesses in China, playing a positive role in promoting the prosperity of China's telecommunications market and contributing significantly to the global digital economy.

At the meeting, MIIT issued replies to Beijing, Shanghai, Hainan and Shenzhen, authorizing them to conduct pilot programs. Upon implementation, foreign companies will be allowed to operate Internet Data Centers (IDC), online data processing and transaction processing, and other telecommunications businesses in the pilot regions on a wholly-owned basis. This will allow them to participate deeply in China's market for computing power and cloud services, jointly promoting the development of the country's digital industry.

The pilot program covers several key areas, including Internet Data Centers (IDC), online data processing and transaction processing. Foreign companies will have more opportunities to participate in these areas, which will further drive the development of China's digital economy.

The launch of this pilot program signifies the Chinese government's commitment to further opening up the telecommunications market, attracting more foreign investment and fostering digital industry growth. This will be beneficial in:

• Elevating the Level of China's Digital Infrastructure: Attracting foreign investment in IDC construction will further enhance the scale and quality of China's data centers, providing a solid foundation for the development of the digital economy.

• Promoting Competition in the Cloud Service Market: Foreign companies participating in the cloud service market will foster market vitality and innovation, elevating cloud service standards and meeting diverse corporate needs.

• Strengthening International Collaboration and Fostering Digital Economy Development: Attracting foreign investment and collaborating internationally will facilitate learning from advanced experiences and drive the advancement of China's digital economy.

The implementation of this pilot program will present more opportunities for foreign companies to participate in the development of China's digital economy. At the same time, it will inject new vitality into China's digital economy, pushing the country's digital industry to a higher level.

In the future, as the pilot program progresses, China will further open up its telecommunications market, attracting more foreign investment and driving digital economic development, contributing to the global digital economy.

Disclaimer: The content of this article is sourced from the internet. The copyright of the text, images, and other materials belongs to the original author. The platform reprints the materials for the purpose of conveying more information. The content of the article is for reference and learning only, and should not be used for commercial purposes. If it infringes on your legitimate rights and interests, please contact us promptly and we will handle it as soon as possible! We respect copyright and are committed to protecting it. Thank you for sharing.(Email:[email protected])