According to HKTDC, China has made an important move in regard to e-commerce. We are not yet certain the full effect on clothing store e-commerce.
China has just announced its decision to lift foreign equity ratio restrictions on online data processing and transaction processing businesses. This means that such businesses can now be 100% foreign-owned. These measures were introduced with immediate effect.
The Ministry of Industry and Information Technology (MIIT) announced the change in a circular issued on 19 June 2015. According to the statement, the move has been made in order to support the development of e-commerce, encourage and guide the active participation of foreign investment and further stimulate market competition. The decision to remove foreign equity restrictions on online data processing and transaction processing (operating e-commerce) businesses across the country follows trials in the China (Shanghai) Pilot Free Trade Zone.The above information is from HKTDC Research.
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