The fourth draft of e-commerce law was recently submitted for review by the standing committee of China’s National Congress.
The new draft is expected to strengthen punishment towards counterfeits and substandard products. The maximum amount limit of fine towards those who runs afoul is up to 2 million yuan.
It also gives specific descriptions of how personal information should be protected during the e-commerce transaction. The e-commerce platform should also shoulder a certain level of responsibilities if found failing the rule.
The draft also asks relevant parties to promote green e-commerce by paying more attention to green packaging, transportation and warehouse.
It also says that those who are involved in cross-border e-commerce should obey relevant rules and administrative regulations regarding import and export management. （Source:chinacourt）