People's Republic of China (PRC) price method

Chapter I General Provisions Article 1 This Law is formulated with a view to standardizing price behavior, giving full play to the role of price in rational allocation of resources, stabilizing the overall market price level, protecting the legitimate rights and interests of consumers and business operators, and promoting the healthy development of the socialist market economy. Article 2 This Law is applicable to price behaviors occurring within the territory of People's Republic of China (PRC).

The prices mentioned in this Law include commodity prices and service prices.

Commodity prices refer to the prices of various tangible products and intangible assets.

Service price refers to the charges for various paid services. Article 3 The state practices and gradually improves the mechanism that prices are mainly set by the market under macro-control. The pricing should conform to the law of value. Most goods and services are subject to market-regulated prices, and very few goods and services are subject to government-guided prices or government pricing.

Market-regulated price refers to the price set by operators independently and formed through market competition.

The term "business operators" as mentioned in this Law refers to legal persons, other organizations and individuals engaged in producing and dealing in commodities or providing paid services.

Government-guided price refers to the price set by the competent pricing department of the government or other relevant departments in accordance with the provisions of this law, and the benchmark price and its floating range are set according to the pricing authority and scope to guide operators in setting prices.

Government pricing refers to the price set by the competent pricing department of the government or other relevant departments in accordance with the pricing authority and scope stipulated in this Law. Article 4 The state supports and promotes fair, open and legal market competition, maintains normal price order, and exercises management, supervision and necessary regulation over price activities. Article 5 The competent price department of the State Council shall be responsible for the national price work. Other relevant departments in the State Council are responsible for the relevant price work within their respective responsibilities.

The price departments of local people's governments at or above the county level shall be responsible for the price work within their respective administrative areas. Other relevant departments of the local people's governments at or above the county level shall be responsible for the relevant price work within the scope of their respective duties. Chapter II Price Behavior of Business Operators Article 6 The prices of goods and services shall be subject to market-regulated prices in addition to government-guided prices or government-fixed prices in accordance with the provisions of Article 18 of this Law, and shall be set by business operators independently in accordance with this Law. Article 7 The pricing of business operators shall follow the principles of fairness, legality, honesty and credibility. Article 8 The basic basis for pricing by operators is the production and operation costs and market supply and demand. Article 9 Operators should strive to improve production and operation management, reduce production and operation costs, provide consumers with goods and services at reasonable prices, and obtain legitimate profits in market competition. Article 10 Business operators shall establish and improve the internal price management system according to their business conditions, accurately record and verify the production and operation costs of goods and services, and shall not resort to deceit. Eleventh operators enjoy the following rights in price activities:

Independently set prices regulated by the market;

(two) to set the price within the scope stipulated by the government guidance price;

(three) to set the trial sale price of new products within the scope of government-guided prices and government-priced products, except for specific products;

(four) to report and accuse violations of their independent pricing rights according to law. Twelfth operators in price activities, should abide by laws and regulations, the implementation of government guidance, government pricing, legal price intervention measures and emergency measures formulated according to law. Article 13 When selling, buying goods and providing services, business operators shall clearly mark the prices in accordance with the provisions of the competent pricing department of the government, indicating the commodity name, place of origin, specifications, grade, pricing unit, price or service items, charging standards and other relevant information.

Operators shall not sell goods at a price higher than the marked price, and shall not charge any unspecified fees. Fourteenth operators shall not have the following unfair price behavior:

(1) colluding with each other to manipulate market prices and harming the legitimate rights and interests of other business operators or consumers;

(2) In order to crowd out competitors or monopolize the market, dumping at a price lower than the cost, disrupting the normal production and operation order, and harming the interests of the state or the legitimate rights and interests of other operators, in addition to handling fresh goods, seasonal goods and overstocked goods at reduced prices according to law;

(3) fabricating and disseminating information about price increases, driving up prices, and driving up commodity prices too high;

(four) using false or misleading price means to trick consumers or other operators into trading with them;

(5) Providing the same goods or services and discriminating against other business operators on the same trading terms;

(6) buying or selling goods or providing services by raising or lowering the grade, etc., and raising or lowering the price in disguise;

(seven) profiteering in violation of laws and regulations;

(8) Other unfair price behaviors prohibited by laws and administrative regulations. Article 15 All kinds of intermediary agencies shall abide by the provisions of this Law when collecting fees for providing paid services. Where there are other provisions in the law, those provisions shall prevail. Article 16 Operators selling imported goods and purchasing export goods shall abide by the relevant provisions of this chapter and maintain the order of the domestic market. Seventeenth trade organizations should abide by the price laws and regulations, strengthen price self-discipline, and accept the guidance of the government price department.