Under the terms of a 1999 trade pact between China and the United States,foreign companies cannot own more than 50 percent of an Internet business in China.

Name: Under the terms of a 1999 trade pact between China and the United States,foreign companies cannot own more than 50 percent of an Internet business in China.
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The 1999 trade pact between China and the United States does indeed state that foreign companies cannot own more than 50 percent of an Internet business in China.

Under the Terms of a 1999 Trade Pact Between China