E-commerce to Become New Spotlight for GrowthFeng Guoqin, Vice Mayor of Shanghai pointed out that electronic commerce will become the spotlight in a new round of development. By 2005, Shanghai's annual e-commerce turnover will probably grow from less than 0.5 billion yuan to 20 billion.Feng said that the outcrop and development of e-commerce is very beneficial to enhancing the core capability of Shanghai commerce in the competition. At present, Shanghai has developed various types of e-business such as online shopping, online trade, online service and online consultancy and visual department store as well. Feng also pointed out that although Shanghai has made a lot of infrastructure construction for the coming of a new information era, e-commerce, from an overall perspective, is still at an initial stage. The proportion of enterprises engaging in e-commerce is still not high and the ways for online transaction are not yet mature. Starting from a macro-business point of view, he said Shanghai should tap actively for new business fields and ways of transaction so as to create a good market environment for the development of e-commerce. And to carry it out study must be made as to necessary rules and regulations in regard of tax policies, safety guarantee, protection of intellectual property rights and electronic technological criteria |
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