E-commerce law to boost regulation

Cross-border e-commerce will be more closely regulated in the draft of the country's first e-commerce law, which is being reviewed at the 25th session of the 12th National People's Congress Standing Committee from Monday to Sunday.

The country promotes the development of cross-border e-commerce and the establishment of a supervision and management system that suits cross-border e-commerce activities, in order to improve customs efficiency and ensure trade safety.

According to the draft, the country will digitalize the declaration, tax payment, inspection and quarantine procedures for cross-border e-commerce activities, which means the electronic receipts and certificates have the same legal force as paper ones, as well as promote the exchange and cooperation of cross-border e-commerce among countries, according to the draft.