OBS_VALUE: A large degree of computer services is classified in China as value-added telecommunications services (VATS), including computer maintenance and management services and various information services activities such as data processing, cloud computing, email services, etc. The proportion of foreign equity in VATS is limited to 50%. There is an exception for online data processing services, which have been fully liberalised in June 2015 by virtue of Circular 196 of the Ministry of Industry and Information Technology on the Notice on Opening up the Limitation on Foreign Ownership in Online Data Processing and Transaction Processing Services: http://www.miit.gov.cn/n1146285/n1146352/n3054355/n3057674/n3057693/n3057695/c4710059/content.html (last accessed in July 2019).