Note: China's market regulator said Monday the government will strictly regulate onlinecommerce, amid a heated public debate on China's largest online shopping platformTaobao.com which was found to match-make transactions of a great number of shoddyco
BEIJING -- China's market regulator said Monday the government will strictly regulate onlinecommerce, amid a heated public debate on China's largest online shopping platformTaobao.com which was found to match-make transactions of a great number of shoddycommodities.
"The Internet is definitely not a lawless heaven," Zhang Mao, minister of the State Administrationfor Industry and Commerce (SAIC), said at a press conference on the sidelines of China's annualparliamentary session.
"E-commerce platforms have to take key responsibilities," Zhang said, noting that they shouldwork on promoting "credibility and integrity."
Zhang also underlined that government regulators should take more measures on protecting thelegitimate rights of online shoppers, including proposing new legislative bills and building uponline database for stricter supervision over e-commerce.
Results of a SAIC sample test released in late January showed that only 37.25 percent ofsurveyed commodities sold on Taobao.com were authentic, lower than a 58.7-percent averageof major online shopping platforms.
Release date:2015-03-10 Browse number:90