Tag Archives: e-commerce

CIRCULAR ON PROMOTING E-COMMERCE
April-May China Bulletin

According to the Ministry of Commerce, Chinese e-commerce trade reached RMB 8.1 trillion (US$ 1.32 trillion) in 2012.  On April 15, 2013, 13 ministries and departments jointly issued the Circular on Further Promoting the Sound and Rapid Development of E-Commerce  [2013] No. 894.  The Circular sets out fourteen policies to encourage the legal and policy environment supporting the innovative development of e-commerce Continue reading

E-COMMERCE TAX IN CHINA
April-May China Bulletin

A tax on e-commerce business, first considered in 2003, was recently raised by Jindong Zhang, chairman of the electric chain store, Suning, and is under consideration by several departments in the PRC government under the lead of the Ministry of Commerce.  China’s online shopping industry has overtaken Japan’s and is expected to exceed the U.S.’s to become the largest online retail market this year. Continue reading