The Chinese communist regime has published a draft amendment to its pricing law to tackle the fierce price wars among companies, as industrial overcapacity and weak domestic demand continue.
China’s National Development and Reform Commission (NDRC) and the State Administration for Market Regulation jointly drafted the amendment to the price law and released it on the NDRC website on July 24.
The proposed revisions explicitly prohibit collusion to manipulate prices, dumping below cost, and disguised price adjustments. At the same time, the draft further regulates pricing guidelines. For illegal price marking, a fine of up to 50,000 yuan (US$6,989) may be imposed in serious cases….
China Releases Draft Law Amendment to Tackle Price Wars; Analysts Skeptical
