View source for 13.What is the impact of joining in the WTO to the telecommunication industry in China?

Foreign investors can hold 30% shares in local telecommunication companies in Shanghai, Beijing and Guangzhou. After 2 years of joining in the WTO, they can hold 50% shares in a local company with no area restriction. And there will be no tariff for telecommunication devices after 2005. Foreign investors showed optimism to Chinese internet development. On the day when China signed the contract with the U.S about joining in the WTO, the prices of Internet related shares kept on increasing,for instance the increase for CHINA.COM increase 75%.