Friday May 25, 2018
Home > News > Economy
Text:| Print|

China to improve e-commerce regulation

2013-06-05 15:20 CNTV     Web Editor: yaolan comment

China's blossoming e-commerce industry has enjoyed a staggering surge in growth, expanding by a third in just one year. In response to recent calls for e-commerce taxes from Zhang Jindong, chairman of China's physical electric chain store Suning, the Mofcom says China is rapidly regulating the sector to ensure healthy growth of the e-commerce industry, continues.

Yao Jian, Spokesman of MOFCOM, said, "Mofcom believe that the regulated development of the e-commerce industry is the top priority for the industry. The ministry is now taking the lead to push forward more e-commerce promotion regulations, especially for the development of small and medium sized business in the sector. SMEs have made ample contributions strengthening China's role in the global e-commerce market. They also improve the efficiency of China's e-commerce's industry by boosting its combination with physical retail sales. Now as more regulations on taxes and financing are to be unveiled, we're expecting to see healthier growth of the sector."


Comments (0)

Copyright ©1999-2011 All rights reserved.
Reproduction in whole or in part without permission is prohibited.