Payment iconsChina's e-commerce market, with an annual turnover of more than 3.8 trillion yuan last year, has become the largest in the world. The various laws and regulations that were enacted by different authorities at different times can no longer keep up with the new issues and new challenges. With the foregoing background, Chinese lawmakers recently posted the draft China E-Commerce Law (the “Draft E-Commerce Law”). The Draft E-Commerce Law was submitted to the National People's Congress Standing Committee for first review on December 19, 2016.

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