A. ban B. relevant C. pressure D. jointly E. channels I. major F. maintains J. platform G. addresses K. consumption H. independentlyNew E-Commerce Law Takes Effect China's new e-commerce law, which was passed last August, took effect on January 1. The law comes amid the rapid development of China into the world's largest e-commerce market. The law aims to regulate the market and create a sound (1) ____ environment. It covers the requirement for registration and licensing of e-commerce operators, taxation, electronic payment, etc. It also (2) ____ other important aspects of e-commerce, including false advertising, consumer protection, data protection, intellectual property and cybersecurity. The new law will apply to three types of operators. These include e-commerce (3) ____ operators like Taobao, third-party merchants who sell goods and services on e-commerce platforms, and online vendors (供应商) who do business via other network (4) ____ , such as social media sites. It means that merchants who sell goods through non-traditional e-commerce platforms, such as WeChat, will fall under the new law. These sellers will now need to finish their business registration and pay (5) ____ taxes. The law will make all e-commerce platform operators (6) ____ responsible with the merchants for selling any fake or knock-off goods on their websites. Before the law took effect, individual merchants were solely responsible when caught selling liable (负有偿付责任的) goods. The implementation of the law may bring (7) ____ on online retail(零售) companies and merchants selling goods through social media sites. Many private shopping agents(known as daigou) are considering whether to continue the service under the new policy since it will increase the management cost and lead to a rise in the product price. But the new law does not aim to (8) ____ small to medium sized online retailer. Instead, it helps lay the legal foundation for the growth of the e-commerce business industry, (9) ____ order in the market and further promotes its growth. Besides, the law will help clean up China's reputation as a (10) ____ source of fake or knock-off goods. In the long term, consumers will benefit from it.
A. ban B. relevant C. pressure D. jointly E. channels I. major F. maintains J. platform G. addresses K. consumption H. independently
New E-Commerce Law Takes Effect
China's new e-commerce law, which was passed last August, took effect on January 1. The law comes amid the rapid development of China into the world's largest e-commerce market.
The law aims to regulate the market and create a sound (1) ____ environment. It covers the requirement for registration and licensing of e-commerce operators, taxation, electronic payment, etc. It also (2) ____ other important aspects of e-commerce, including false advertising, consumer protection, data protection, intellectual property and cybersecurity.
The new law will apply to three types of operators. These include e-commerce (3) ____ operators like Taobao, third-party merchants who sell goods and services on e-commerce platforms, and online vendors (供应商) who do business via other network (4) ____ , such as social media sites. It means that merchants who sell goods through non-traditional e-commerce platforms, such as WeChat, will fall under the new law. These sellers will now need to finish their business registration and pay (5) ____ taxes.
The law will make all e-commerce platform operators (6) ____ responsible with the merchants for selling any fake or knock-off goods on their websites. Before the law took effect, individual merchants were solely responsible when caught selling liable (负有偿付责任的) goods.
The implementation of the law may bring (7) ____ on online retail(零售) companies and merchants selling goods through social media sites. Many private shopping agents(known as daigou) are considering whether to continue the service under the new policy since it will increase the management cost and lead to a rise in the product price.
But the new law does not aim to (8) ____ small to medium sized online retailer. Instead, it helps lay the legal foundation for the growth of the e-commerce business industry, (9) ____ order in the market and further promotes its growth.
Besides, the law will help clean up China's reputation as a (10) ____ source of fake or knock-off goods. In the long term, consumers will benefit from it.