The Standing Committee of China's National People's Congress
amended
the country's law on consumer rights and interests last month, updating the
law for the first time since 1993. In addition to increasing
compensation to injured consumers and heightening penalties for violations
of the law, the amendment also creates new limitations on the use of personal
information. Businesses must now keep such information confidential and
implement appropriate security safeguards to protect the data, according to Hunton & Williams.
The amendment, which takes effect in March, comes as internet sales in China hit more than $213 billion last year and the government seeks to further boost domestic consumption.
The amendment, which takes effect in March, comes as internet sales in China hit more than $213 billion last year and the government seeks to further boost domestic consumption.
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