Price Supervision and Inspection(I) Inspecting authoritiesThe pricing authorities of the people's governments at or above the county level shall supervise and inspect pricing activities in accordance with the law, and impose administrative penalties on pricing acts that violate the Pricing Law.(II) When conducting p…
Means of Macroeconomic Regulation of Prices(I) Significant goods reserve system and price regulatory fundIt is an economic means by which the government regulates and manages prices. Significant goods refer to commodities that have a significant impact on the national economy and people's livelihood, often experienc…
The Procedures for Government Pricing Acts(I) Basic requirementsPrice and cost surveys should be conducted, and the opinions of consumers, business operators, and relevant parties should be sought.(II) Price hearing systemArticle 23 of the Pricing Law states that when establishing government referential pricing and gove…
(I) Pricing catalogA pricing catalog is a written document that defines and divides pricing powers, and contains product varieties and service items, pricing content, pricing authority, pricing form and scope, etc. Pricing catalogs are classified as central and local pricing catalogs.(II) Basis for formulating governmen…
Government pricing acts refer to the activities of the pricing authorities or other competent authorities to formulate government-fixed prices and government referential prices within their pricing powers and functions.According to the Pricing Law, government pricing acts are required for five types of goods and service…
(1) Obligation to abide by the law: Business operators shall abide by laws and regulations when conducting pricing acts and exercising their power, which is the most fundamental obligation of business operators.(2) Obligation to implement government administrative actions in terms of pricing: It refers to the obligation…
(1) Independent pricing right: It refers to the right of business operators to independently determine the prices of their goods and services in accordance with the Pricing Law. Specifically, business operators have the right to:① independently fix prices that are subject to market regulation;② fix prices within the r…
(1) Pricing acts of business operators refer to the acts of business operators in setting prices for goods and services and applying pricing strategies.(2) Scope of application: The vast majority of goods and services that are not subject to government pricing or government referential pricing.(3) In terms of pricing, b…
Robert Zhang 
Steve Li 