China updates consumer protection law

By Matt Klinger


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.