E-commerce law being drafted

The booming online shopping market will soon be covered by the legal system, with a draft of China's first e-commerce law expected to be completed during the second half of this year, the Economic Information Daily reported on Wednesday.

It said that "relevant organizations" aim to have an outline of the law by March. After consulting with government departments, e-commerce companies, industry associations and experts, the draft law is expected to be submitted to the Financial and Economic Committee of the National People's Congress, the top legislature.

Existing laws can not keep pace with the rapid development of the country's e-commerce sector. There are challenges in online transaction security, intellectual property rights protection and the protection of consumers' rights.