2020-12-30 08:05:37 GMT2020-12-30 16:05:37(Beijing Time) Xinhua English
HANGZHOU, Dec. 30 (Xinhua) Legislators in east China s Zhejiang Province have reviewed and passed a regulation to promote the digital economy in the province, according to local authorities.
The regulation, which takes effect on March 1, 2021, makes Zhejiang the first provincial-level region in China to legislate for digital economy development.
The regulation will balance the relationship between the government and the market, and will highlight the role of the market.
It requires governments and relevant departments at or above the county level to establish and improve a guarantee system for network and data security; strengthen the supervision and management of the collection, storage, use, processing, transmission, provision, and disclosure of personal data; and investigate and penalize illegal activities that endanger the safety of personal data, such as data leakages.
China s Zhejiang legislates for digital economy development Xinhua | Updated: 2020-12-30 16:23 Share CLOSE Logos of Alibaba Group and Ant Group are seen during the World Internet Conference in Wuzhen, Zhejiang province, Nov 23, 2020. [Photo/Agencies]
HANGZHOU Legislators in East China s Zhejiang province have reviewed and passed a regulation to promote the digital economy in the province, according to local authorities.
The regulation, which takes effect on March 1, 2021, makes Zhejiang the first provincial-level region in China to legislate for digital economy development.
The regulation will balance the relationship between the government and the market, and will highlight the role of the market.
China launches antitrust probe into Alibaba in a move to commit platform economy to more sustainable growth
By GT staff reporters Source: Global Times Published: 2020/12/24 22:43:39
Alibaba Photo:VCG
China’s top market watchdog said on Thursday it has launched a probe into e-commerce giant Alibaba’s suspected monopolistic acts including forcing merchants to choose one platform between two competitors, in a move that is believed to aim at protecting consumers rights and fairness in market competition to ensure the sound and long-term development of a massive part of China s economy.
The antitrust probe into one of the world s largest e-commerce giants, which attracted widespread domestic and global attention, sends a powerful signal of top regulators determination to rein in what officials call disorderly expansion of capital as part of a broad push to root out potential major risks for the economy, which remains on a steady recovery trajectory but also faces mounting inte