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CN Regulator to Accelerate Price Law Revision During 15th 5Y Plan Period, Crack Down on Malicious Low-price Competition
2026-09-21 10:23:41 A spokesperson and deputy director of the State Administration for Market Regulation of China, Shu Wei, said recently that authorities will accelerate the revision of the Price Law during the 15th Five-Year Plan period, study and formulate regulations to curb low-price dumping practices, guide relevant industry associations in establishing cost calculation standards, and promote the formation of a "1+1+N" legal framework for regulating low-price dumping. Authorities will take the lead in conducting cost investigations and price inspections on enterprises engaging in malicious low-price competition that disrupts production and business order, and will handle violations strictly in accordance with the law. The regulator will also promote the implementation of pricing rules for internet platforms, continue to standardize price competition behavior in the platform economy sector, and study and formulate provisional regulations for the implementation of a price supervisor system to strengthen enterprises' primary responsibility for pricing compliance. ~ AASTOCKS Financial News Website: www.aastocks.com | |