China Business News, 12/12/07
At the 8th China-US Joint Commission on Commerce and Trade yesterday, China undertook to reduce registered capital requirements for US telecommunication service providers investing in China.
Editor's note: According to MII regulations, national or cross-provincial telecoms infrastructure operators must have registered capital of at least RMB 2 bln. National or cross-provincial operators of value-added telecoms services must have registered capital of at least RMB 10 mln. Provincial-level operators of telecoms infrastructure must have registered capital of at least RMB 200 mln, while provincial-level value-added telecoms service operators need registered capital of at least RMB 1 mln.