E-Commerce in China has gained strength after the government proposes guidelines that will boost its effect in the country's economy.

According to Technology News Asia, the Chinese authorities have rationalized the processing of import and exports for e-commerce in order to give way to a faster and easier trade between sellers and buyers. In view, the Chinese government has reportedly vowed to keep the export taxes very minimal while simultaneously formulating a tax policy that will promote and increase domestic demand for imported goods. The guideline also aims to encourage banks to develop overseas online payments that will cater to the country's online businesses.

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Alibaba has been one of China's most successful e-commerce, providing its middle class families the opportunity to sell and shop for items without having the burdens of visiting high end stores. In 2013, China also launched its "cross border foreign exchange payment institutions" in several cities within the country, which includes Shanghai, Beijing, Zhejiang, Chongqing and Shenzhen. The initiative was due to the increase of demand for international online shopping, said reports.

In a statement release by the state council, it said, "the government would work to foster both public and private e-commerce platforms and that it would support companies that provide comprehensive international trade services, while welcoming cooperation between domestic and foreign e-commerce enterprises."

According to Law360, the state council of China also encouraged the authorities to be a little more lenient when it comes to giving limits on foreigner's share on the country's e-commerce business.

The goal of the guidelines is also to make sure that by the year 2020, they have already established a "open, orderly and reliable" e-commerce business that can compete worldwide.  Financing of e-commerce has also been reportedly urged to have different channels of payments through the initiative of local banks, including the People's Bank of China. Apart from this, the regulations also include consumer protection that ensures the customer of good and quality product, with the option of returning it if deemed defective.

The sectory of cyber crime are also alerted of these regulations in order to provide security and protection to online sellers and consumers.

Tagse-commerce, online, china rules, china eccomerce, china guidelines