Cross-bor­der scru­tiny

The coun­try’s first law on e-com­merce be­ing re­viewed

China Daily (Hong Kong) - - FRONT PAGE - By FAN FEIFEI fan­feifei@chi­nadaily.com.cn

Cross-bor­der e-com­merce will be more closely reg­u­lated in the draft of the coun­try’s first e-com­merce law, which is be­ing re­viewed at the 25th ses­sion of the 12th Na­tional Peo­ple’s Congress Stand­ing Com­mit­tee from Mon­day to Sun­day.

The coun­try pro­motes the de­vel­op­ment of cross-bor­der e-com­merce and the es­tab­lish­ment of a su­per­vi­sion and man­age­ment sys­tem that suits cross-bor­der e-com­merce ac­tiv­i­ties, in or­der to im­prove cus­toms ef­fi­ciency and en­sure trade safety.

Ac­cord­ing to the draft, the coun­try will dig­i­tal­ize the dec­la­ra­tion, tax pay­ment, in­spec­tion and quar­an­tine pro­ce­dures for cross-bor­der e-com­merce ac­tiv­i­ties, which means the elec­tronic re­ceipts and cer­tifi­cates have the same le­gal force as pa­per ones, as well as pro­mote the ex­change and co­op­er­a­tion of cross-bor­der e-com­merce among coun­tries, ac­cord­ing to the draft.

More­over, the draft said e-com­merce busi­ness op­er­a­tors should pro­tect per­sonal in­for­ma­tion and busi­ness data that they ob­tained from trade when they carry out cross-bor­der e-com­merce ac­tiv­i­ties.

Statis­tics from re­search firm iRe­search Con­sult­ing Group show China’s cross-bor­der im­ports grew from 600 bil­lion yuan ($86.4 bil­lion) in 2014 to 900 bil­lion yuan last year, and are forecast to hit 1.9 tril­lion yuan in 2018.

Kaola, a shop­ping plat­form run by on­line gam­ing ser­vices provider NetEase Inc, said the draft of the e-com­merce law means that cross-bor­der e-com­merce and other e-com­merce ac­tiv­i­ties will be bet­ter reg­u­lated.

The draft pays at­ten­tion to con­sumer in­for­ma­tion and pri­vacy rights, and will greatly pro­mote the stan­dard op­er­a­tion of the in­dus­try, said the com­pany.

Lu Zhen­wang, CEO of the Shang­hai-based Wan­qing Con­sul­tancy, said cross-bor­der e-com­merce would be a new growth point for the e-com­merce in­dus­try.

Chen Jin, direc­tor of the China ser­vices in­dus­try re­search cen­ter at the Uni­ver­sity of In­ter­na­tional Busi­ness and Eco­nomics in Bei­jing, said cross-bor­der e-com­merce has be­come an im­por­tant way for the coun­try to de­velop for­eign trade, es­ti­mat­ing its an­nual growth rate will sur­pass 30 per­cent in the next few years.

Apart from the cross-bor­der e-com­merce, the draft also em­pha­sizes the du­ties and obli­ga­tions of third-party plat­forms, stip­u­lates the uti­liza­tion and pro­tec­tion of ecom­merce data and in­for­ma­tion, and reg­u­lates the elec­tronic con­tract and pay­ments, ex­press and lo­gis­tics ser­vices.

The ex­ist­ing laws can no longer keep up with the boom­ing growth of China’s e-com­merce sec­tor. The turnover of the coun­try’s on­line shop­ping mar­ket reached 3.8 tril­lion yuan last year, ac­cord­ing to iRe­search.

In 2013, the Fi­nan­cial and Eco­nomic Af­fairs Com­mit­tee of the NPC ini­ti­ated leg­isla­tive work re­lated to e-com­merce. The main pur­pose of the law is to pro­mote e-com­merce, reg­u­late the mar­ket and pro­tect the le­git­i­mate rights and in­ter­ests of ma­jor par­ties in e-com­merce ac­tiv­i­ties.

WANG BIAO / FOR CHINA DAILY

Work­ers sort pack­ages af­ter an on­line shop­ping spree in Novem­ber in Fuyang, An­hui prov­ince.

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