Deputy Director of the National People's Congress (NPC) Finance and Economic Committee Uzhitu answers questions during a press conference about legislation progress on the sidelines of the fourth session of China's 12th NPC in Beijing, capital of China, March 10, 2016. (Xinhua/Li Xin)

BEIJING, March 10 -- China has completed a draft version of the country's first e-commerce law to guide the sector's sound development, a lawmaker said Thursday.

The draft will be submitted as early as possible to the Financial and Economic Affairs Committee of the National People's Congress (NPC) for review, said Uzhitu, vice chairman of the committee, at a press conference on the sidelines of the annual parliamentary session.

After that, the draft e-commerce law will be presented to the NPC Standing Committee for further reading, Uzhitu said.

The legislation is necessary to deal with new problems in data protection and infringements upon customers' interests, he said.