Highlights: Press conference on market regulation
Stricter regulation in store for online commerce: Zhang Mao
China's market regulator said on Monday that the government will promote stricter regulation and supervision over online commerce, amid public concerns about false advertising, fake imported goods and monopolistic practices.
E-commerce platforms also have to take key responsibilities for promoting credibility and integrity, Zhang Mao, minister of State Administration of Market Regulation, said at a news conference on the sidelines of the ongoing two sessions, urging them to strengthen internal controls.
Zhang stressed that the administration will set the same standard for online and offline shopping and increase the penalties of selling fake goods for a better development of e-commerce.
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