Article published in New Technology Quarterly, Q4, 1997.
The flotation of China Telecom (Hong Kong) shares on the Hong Kong and New York exchanges has been interpreted by many as a sign of breakthrough in the Ministry of Posts & Telecommunications (MPT) opposition to foreign direct investment in China’s telecoms sector. It isn’t, and in fact it strengthens the MPT’s hand within China to resist major changes in policy to FDI.
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