Starting on July 1, the Interim Administrative Regulations of Internet Trade and Related Services will be enforced. The State Administration of Industry and Commerce is planning a full screening of all online trade entities to establish an “Internet economy registry.” The State Administration is asking all local branches to implement the screening and build a database of the number, scale, distribution and categories of all trade platforms in corresponding local regions. This is becoming the focal point of work in local administrations. The Interim Administrative Regulations were announced and went into effect on June 1, 2010.
Source: Xinhua, June 29, 2010
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