Guangdong Takes the Lead in Regulating E-commerce Transactions

February 28, 2003 | BY

clpstaff &clp articles

On December 6 2002 the Guangdong Provincial People's Congress passed the Guangdong Province, Electronic Transactions Regulations (the Regulations). These are the first regulations in China to address the particulars of electronic transactions.

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According to the Guangdong Information Industry Department, last year the value of electronic transactions in the province amounted to over Rmb20 billion, and accounted for about one eighth of the total value of electronic transactions in China. The absence of a detailed legal platform for such activities has been a significant obstacle to further development of the electronic commerce industry. The uncertainty resulting from the lack of relevant laws has also lead to legal disputes. The Regulations mark a new era for e-commerce in China. Though they are only applicable to activity in one province, they lay down special provisions on key issues in electronic transactions in China for the first time that can be used as a model for legislation at the national level.

Rules and Problems before the Regulations