New e-commerce law needs detailed rules for all aspects

A law is being drafted on e-commerce, which is expected to include detailed columns on supervision, market entrance and exit, e-payments, consumer rights protection and intellectual property rights protection. The draft is expected to be submitted to the finance and economy committee of the National People's Congress, the top national legislature, in June. Comments:

It is not just a general law that e-commerce needs, it also needs special, detailed regulations covering areas such as overseas purchasing services, online payments, because disputes often occur involving them. And the law being drafted needs to regulate the industry without discouraging innovation, and strike a balance between the interests of consumers and companies, so as to defend justice and promote prosperity. One advice is to trust participants of the industry and allow business operators and consumers to form self-regulating societies.

cntv.cn, May 8