GCTL8.com (FocusAsia Media Ltd
BEIJING, Dec 20 (FAM) – China’s top legislature is deliberating a draft law, which is the first reading of the draft by the top legislature, that will regulate and facilitate booming e-commerce in the country. The law was submitted for review by legislators at the bimonthly session of the National People’s Congress (NPC) Standing Committee, which runs from Monday to Sunday.
Explaining the draft to lawmakers on Monday morning, Lyu Zushan, deputy director with the NPC’s Financial and Economic Affairs Committee, said booming e-commerce in recent years had served to reveal loopholes in China’s legal system and commercial rules. The draft law will facilitate e-commerce growth, help maintain market order and protect consumer rights.