SAIC regulates online group buying
March 29, 2012 | BY
clpstaff &clp articles“Ke jixu goumai” (“The deal is on”) is the phrase that spurs Chinese consumers to use online group buying websites. The SAIC is taking action to regulate this rapidly expanding market that has led to fraud, fake products and price hikes
The Opinions on Strengthening the Administration of Online Group Purchase Activities (关于加强网络团购经营活动管理的意见) appeared on the website of the State Administration for Industry and Commerce (SAIC) on March 14.
“These measures are unlikely to have an immediate effect on banning fraud and fake products, though they could well help to encourage consumers to make complaints if they feel their rights are infringed,” said Maarten Roos, partner at R&P China Lawyers in Beijing.
China has an extensive system of regulations for protecting consumer interests. The PRC Product Quality Law (中华人民共和国产品质量法) governs quality control in respect of commodities and services and the PRC Protection of the Rights and Interests of Consumers Law (中华人民共和国消费者权益保护法) governs the merchandising of commodities and services.
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