China com­pletes draft­ing e-com­merce law

The Pak Banker - - 6BUSINESS -

BEI­JING: China has com­pleted a draft ver­sion of the coun­try's first e-com­merce law to guide the sec­tor's sound de­vel­op­ment, a law­maker said Thurs­day. The draft will be sub­mit­ted as early as pos­si­ble to the Fi­nan­cial and Eco­nomic Affairs Com­mit­tee of the Na­tional Peo­ple's Congress (NPC) for re­view, said Uzhitu, vice chair­man of the com­mit­tee, at a press con­fer­ence on the side­lines of the an­nual par­lia­men­tary ses­sion. Af­ter that, the draft e-com­merce law will be pre­sented to the NPC Stand­ing Com­mit­tee for fur­ther read­ing, Uzhitu said. The leg­is­la­tion is nec­es­sary to deal with new prob­lems in data pro­tec­tion and in­fringe­ments upon cus­tomers' in­ter­ests, he said.

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