The Legal Framework For E Commerce - 1021 Words

(Political factors: China has strong political system, which can help to boost its economy. Various new regulations are passed in their congress and these formal and informal rules help the economy to become stronger. It has the effective policy for the investors to invest their amount in various industrial sectors and government is also focusing on the development of e-commerce. The government has strong and firm commitment to flourish the business and increase the production of items of different types. The industrial sector has strong and impressive political support, which can help to boost its economies and the right and just regulations can help to keep it on the right path of growth and success) Political factors which impact china are: - Legal issues – the legal framework for e-commerce is still in its early stage. China has little experience for drafting e-commerce legislation for topics like intellectual property rights protection and tax. There aren’t any regulations supporting the privacy, recognition of digital signatures, consumer rights and validation of electronics contracts yet. - Government regulations – both formal and informal rules, which firms must abide by, impact the country. Many people claim that the political force is the most unsettled force. Over the past few years, the government focused on the development of e-commerce. In terms Economics, since five year ago, China’s economy experienced significant GDP growth rate. Reports suggest that ifShow MoreRelatedMeasures for the Protection of E-Consumers1710 Words   |  7 PagesMEASURES FOR THE PROTECTION OF E-CONSUMER In this electronic age there is a need to protect consumers‟ interest and following are the areas of central importance for the effective protection of e-consumers. 1. Correct Information An informed consumer is self sufficient to look after her/his own interests than an uninformed consumer. 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