China Carries Out E-Commerce Regulations

Individual owners of PRC online businesses will be affected by an e-commerce regulation which will take effect on August 1st, 2008. The Beijing Administration of Industry and Commerce (BAIC) has promulgated the new regulation, namely "Opinions on Fully Enforcing the 'Beijing Informatisation Advancement Regulations' and Strengthening the Supervision and Administration of Electronic Commerce" ("Opinion"), to control online transactions in China with the aim of boosting consumer confidence. Individual investors wishing to establish an e-commerce operation in China need to consider the legal issues.

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