The tool provides penalties for activities such as the collection, application, processing and trade of private data, but also prohibits companies from harming the interests of consumers through practices such as price differentiation according to profile.

It also prohibits any kind of discriminatory action and urges Internet sites with a large number of users to adopt detailed rules to regulate the behavior of parties providing services and limit the collection and use of information.

China recently launched a strategy aimed at creating an environment for its Internet companies in the next five years that is ruled by fair competition, transparency and legal principles.

The objective is to strengthen order, government-market-society relations and curb any inappropriate behavior in economic activity.

The initiative is intended to protect the rights of each company, proposes to expand communication with the private sector when checking or updating regulations and to neutralize the abuse of administrative powers and monopolies.

mh/etc/acl/ymr