China to strictly regulate online commerce

China's market regulator said Monday the government will strictly regulate online commerce, amid a heated public dispute over China's largest online shopping platform Taobao.com which was found to match-make transactions of a great number of shoddy commodities.

E-commerce platforms have to take "key responsibilities" for promoting "credibility and integrity," Zhang Mao, minister of the State Administration for Industry and Commerce (SAIC), said at a press conference on the sidelines of China's annual parliamentary session.