State Council: Determine measures to accelerate the development of e-commerce

Abstract On the 1st of April, Premier Li Keqiang presided over the State Council executive meeting to determine measures to accelerate the development of e-commerce and foster new economic power. The meeting pointed out that the development of e-commerce and other emerging service industries is the "Internet +" action.
On April 1st, Premier Li Keqiang presided over the State Council executive meeting to determine measures to accelerate the development of e-commerce and foster new economic momentum.

The meeting pointed out that the development of e-commerce and other emerging service industries is an important part of the "Internet +" initiative. It promotes the integration and development of traditional industries and emerging industries, reduces circulation costs, encourages entrepreneurship to expand employment, stimulate consumption, improve people's livelihood, and increase financial vitality. Promoting development and upgrading is of great significance. It is necessary to innovate government management and services, actively support the development of e-commerce, set up a platform for its clearing, and standardize and guide in development.

First, we must simplify the administration of power and relax the registration conditions for the main residence (business premises) of the e-commerce market. According to the regulations, network employees will be included in social insurance, and equal employment and entrepreneurship support will be given. Establish a diversified investment and financing mechanism to adapt to the development of e-commerce, guide venture capital funds to increase support for e-commerce start-ups, and liberalize the foreign shareholding ratio of foreign-invested e-commerce business.

Second, we must promote the development of e-commerce and trade circulation, industrial production, financial services and other related fields, innovate and expand services for “agriculture, rural areas and farmers”, and promote new business growth such as online shopping, networked manufacturing and operation management, and cross-border e-commerce. To build an e-commerce platform that promotes consumer spending, supporting physical stores and e-commerce, online and offline collaborative development.

Third, we must strengthen the construction of laws and standards and credit system, create a fair competition environment and stage, improve the quality of e-commerce products, improve online transaction complaints and rights protection mechanisms, combat illegal activities such as cyber theft and fraud, and protect intellectual property rights and online transaction security. Let the booming of e-commerce promote mass entrepreneurship and innovation.

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