China's draft e-commerce law was submitted to the top legislature for a third reading on Tuesday, further regulating online market order and protecting consumers' rights.

The latest draft will be reviewed at a four-day bimonthly session of the National People's Congress (NPC) Standing Committee, which runs from Tuesday to Friday.

"The draft law aims to further support and promote the development of e-commerce, regulate market order, and protect the legitimate rights and interests of all parties in e-commerce," Cong Bin, from the NPC Constitution and Law Committee, read in a report to the lawmakers.

Cong pointed out that the draft law will focus on the obligations and liabilities of e-commerce operators, especially platform operators.

The draft was reviewed by the Standing Committee in Dec. 2016 and Oct. 2017.

China has the world's largest e-commerce market, with online retail sales growing 32.2 percent year on year in 2017 to reach 7.18 trillion yuan (1.12 trillion U.S. dollars).