Chinese Market Regulator SAIC to Publish Details of Online Sellers of Fake Goods Through New List
Zhang Xia
/SOURCE : Yicai
Chinese Market Regulator SAIC to Publish Details of Online Sellers of Fake Goods Through New List

(Yicai Global) Nov. 15 -- China's State Administration for Industry and Commerce (SAIC), the country's market regulator, releases a new document for public comment, stating that it will disclose the information of online operators who sell counterfeit goods and expired or deteriorated products, it said on its website yesterday.

Those online sellers of expired, deteriorated, adulterated and fake products, and those who publish fake advertisements, fictitious transactions or delete negative customer comments, who have been reprimanded three times in a two-year period will be included in the list of illegal and dishonest businesses.

If third-party online trading platforms receive punishments three times within a two-year period related to the provision of incomplete, false or late information, or limiting online platform merchants from participating in promotional activities, they will be included in the list of illegal and dishonest operators.

The administrative department for industry and commerce will then take measures such as blocking websites, stopping access to services and restrictions through technological means.

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Keywords: Online Transaction , Information Disclosure