Regulators are preparing new laws to better govern the online retail market.
On October 24, the Ministry of Commerce (Mofcom) confirmed that it, along with other administrative authorities, is drafting regulations to set down online market rules and clarify the rights and responsibilities of all participants.
A handful of policy documents relating to e-commerce have been issued by the State Council and Mofcom since 2005, however these were for guidance only and were not legally binding. The two most recent were Mofcom’s Circular on the Regulation of...
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