Core Viewpoint - The announcement by the National Development and Reform Commission (NDRC) and the State Administration for Market Regulation aims to address disordered price competition, which negatively impacts industry development, product innovation, and quality safety, ultimately hindering the healthy development of the national economy [2][5]. Group 1: Market Regulation and Pricing - Market participants are required to set prices based on production costs and market supply-demand conditions, adhering to principles of fairness, legality, and good faith [2][6]. - Industry associations are encouraged to assess average costs in sectors with significant disordered competition to provide pricing references for businesses [2][6]. - The NDRC and market regulation departments will enhance policy promotion and remind businesses to operate legally and improve product quality and service levels [2][10]. Group 2: Monitoring and Enforcement - Businesses that fail to comply with pricing regulations after warnings will be closely monitored, and necessary investigations into costs and price supervision will be conducted [3][8]. - The announcement emphasizes the importance of self-regulation within industry associations to maintain fair competition and compliance with relevant laws [3][7]. Group 3: Tendering and Bidding Regulations - The announcement mandates that businesses must comply with the Tendering and Bidding Law, prohibiting bids below cost to ensure product and service quality [3][9]. - It clarifies that bids below the average industry cost but above the individual business's cost are not subject to rejection [9]. Group 4: Implementation Strategies - The NDRC and market regulation authorities will guide local entities in implementing the announcement's strategies, focusing on policy promotion, industry self-regulation, market monitoring, and enforcement of regulations [10].
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Zhong Guo Zheng Quan Bao·2025-10-09 13:51