Relevant laws and regulations:
1. Interpretation of the Supreme People's Court and the Supreme People's Procuratorate on Several Issues Concerning the Application of Laws in Handling Criminal Cases of Theft
Article 1 Whoever steals public or private property with a value of 1, to 3, yuan or more, 3, to 1, yuan or more, and 3, to 5, yuan or more shall be deemed as "large amount" and "huge amount" as stipulated in Article 264 of the Criminal Law respectively. The Higher People's Courts and People's Procuratorates of provinces, autonomous regions and municipalities directly under the Central Government may, according to the local economic development and the social security situation, determine the specific amount standards to be implemented in their respective regions within the amount range specified in the preceding paragraph, and report them to the Supreme People's Court and the Supreme People's Procuratorate for approval.
article 264 of the criminal law, whoever steals public or private property in a relatively large amount, or commits theft for many times, burglary with a weapon or pickpocketing, shall be sentenced to fixed-term imprisonment of not more than three years, criminal detention or public surveillance, and shall also, or shall only, be fined; If the amount is huge or there are other serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than three years but not more than ten years and shall also be fined; If the amount is especially huge or there are other especially serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than 1 years and fined; The amount is especially huge or there are other particularly serious circumstances. If the amount is especially huge or there are other especially serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than 1 years or life imprisonment, and shall also be fined or confiscated.