Download or read book Deconstructing the Myth of Alipay Drama -- Repoliticizing Foreign Investment in the Telecommunications Sector in China written by Shen Wei and published by . This book was released on 2013 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although China has officially opened up its telecoms service sector to foreign investors according to its WTO Agreement, foreign investors are still experiencing various difficulties when they enter the Chinese market. Recent years have witnessed some new regulatory movements tackling the “variable interest entity” structure adopted by foreign investors in investing into China's telecoms industry. These regulatory moves are strikingly consistent with China's infamous attack on the CCF model in the 1990s. This article reviews these two models and Chinese regulatory counter measures, and offers a political economy insight to Chinese telecoms policies. While the article argues that the “Party line is the bottom line” - a key driver of shaping the ecology of Chinese regulatory instruments choking/hindering foreign investment in China's telecoms sector, it also discusses the economic regulatory/development model with “Chinese characteristics.”