Problems may hinder e-business development

The first element is policy and law. Generally speaking, Chinese national informationization policy is not complete, especially for e-business. Many policies are not clear or transparent and relevant laws or regulations or standards have not been established. Coordination between different regions and sectors still faced big problems.

E-business not only involves two sides of the business participants, but also involving industrial and commercial administration, customs, insurance, financing, banks and other departments that may be located in different areas or countries. So a uniform legal system should be enacted as well as related policies and coordination in different parts, regions or countries should be organized, which could improve e-business booming. E-business development is restrained by three aspects, policy and laws, enterprises informationization, financial electronic process.

The second element is Enterprise informationization construction. Enterprises are the main body for e-business; the informationization is the foundation of e-business operation. At present, many enterprises are on the reform stage, modern enterprise systems have not been established in general, enterprises informationization process is not satisfying. Now, only less than 1% out of Chinese enterprises accessed to the internet. In 1.5000 large and medium-sized state-owned enterprises, only 10% of them implemented enterprises informationization; 70% of them have make plans for informationization; only 20% of them have few computers.

The third element is financing electronic construction. Financing is strong back support for e-business payment. But the cross-region, cross banks electronic payment system has not been established, which restrained only payment and settlement greatly and hindered e-business development consequently.

Although e-business is facing great problems and challenges, we should have confidence in e-business development. IBUonline is a B2B business platform, which is growing rapidly after resolving many problems. You could visit IBUonline to know more about B2B business.