Core Viewpoint - The National Development and Reform Commission (NDRC) and the State Administration for Market Regulation have drafted a revision of the Price Law to address issues such as low-price dumping and "involution" competition, aiming to enhance market price order and adapt to new economic conditions [1][2]. Group 1: Need for Revision - The Price Law, implemented in 1998, has played a significant role in guiding resource allocation, promoting reasonable price operation, and protecting the rights of consumers and operators [1]. - The current economic landscape has changed, with most prices now determined by the market, highlighting the need for updated regulations to address chaotic low-price competition [1]. - The evolution of price management methods necessitates legal enhancements to improve the governance of pricing and public participation in government pricing decisions [1][2]. Group 2: Key Provisions of the Draft - The draft consists of 10 articles focusing on clarifying government pricing roles, allowing for more flexible pricing mechanisms rather than fixed price levels [3]. - It emphasizes the importance of cost monitoring in government pricing processes and introduces diverse methods for public opinion collection, such as surveys [3]. - The draft aims to refine standards for identifying unfair pricing practices, including low-price dumping and price collusion, while also enhancing penalties for violations of pricing regulations [3].

Core Points - The National Development and Reform Commission and the State Administration for Market Regulation have drafted the "Draft Amendment to the Price Law of the People's Republic of China (Solicitation of Opinions)" to implement the decisions of the Central Committee and the State Council [1] - The draft consists of 10 articles focusing on improving government pricing, clarifying standards for identifying unfair pricing behaviors, and enhancing legal responsibilities for price violations [1] Group 1: Government Pricing - The draft clarifies that government-guided prices are not limited to benchmark prices and their fluctuation ranges, reflecting changes in government price management methods [1] - It emphasizes the shift from setting price levels to establishing pricing mechanisms, allowing pricing authorities to determine government pricing levels through mechanism formulation [1] Group 2: Unfair Pricing Behavior - The draft specifies standards for identifying unfair pricing behaviors, including refining standards for low-price dumping and regulating market price order to combat "involution" competition [2] - It prohibits public enterprises, industry associations, and others from leveraging their influence or market position to enforce or bundle sales of goods and services [2] Group 3: Penalties for Price Violations - The draft proposes to strengthen penalties for price violations, increasing the punishment standards for operators who violate clear pricing regulations [2] - Specific penalties include orders for correction, confiscation of illegal gains, and fines ranging from 5,000 to 50,000 yuan depending on the severity of the violation [2]

Group 1 - The core viewpoint of the news is that the National Development and Reform Commission and the State Administration for Market Regulation are seeking public opinions on the draft amendment to the Price Law of the People's Republic of China, which aims to adapt to new economic conditions and improve price regulation [1][2] - The draft amendment includes 10 articles focusing on three main areas: improving government pricing content, clarifying the standards for identifying unfair pricing behaviors, and enhancing legal responsibilities for price violations [1][2] - The amendment aims to address issues such as low-price dumping, price collusion, price gouging, and price discrimination, while also regulating the behavior of public enterprises and industry associations [2] Group 2 - The draft specifies that government guidance on pricing is not limited to benchmark prices and their fluctuation ranges, and it allows for the establishment of pricing mechanisms [1][2] - The amendment emphasizes the importance of cost monitoring as a key procedure in government pricing, reflecting changes in pricing management practices [1][2] - The public consultation period for the draft amendment is set from July 24, 2025, to August 23, 2025 [3]

Core Viewpoint - The draft amendment to the Price Law aims to prohibit operators from engaging in unfair pricing practices using data, algorithms, and technology [1] Group 1 - The National Development and Reform Commission and the State Administration for Market Regulation have publicly solicited opinions on the draft amendment to the Price Law [1] - The proposed amendment includes a new clause stating that operators must not use data, algorithms, technology, or rules to engage in unfair pricing practices [1]

Core Viewpoint - The National Development and Reform Commission and the State Administration for Market Regulation are seeking public opinions on the draft amendment to the Price Law of the People's Republic of China, emphasizing the need for broad consultation when setting prices for public utilities and services that affect the public's interests [1] Group 1 - The draft amendment proposes to modify Article 23 to require extensive consultation with consumers, operators, and relevant parties when establishing government-guided or government-set prices for public utilities, public services, and prices of goods and services in natural monopoly sectors [1] - The consultation methods suggested include public hearings, open solicitations of social opinions, and surveys [1]

Core Points - The National Development and Reform Commission and the State Administration for Market Regulation have released a draft amendment to the Price Law of the People's Republic of China for public consultation, aiming to clarify standards for identifying unfair pricing practices and regulate market pricing order to combat "involution" competition [1][2] Group 1 - The amendment specifies that operators are prohibited from engaging in unfair pricing behaviors, including selling below cost to eliminate competitors or monopolize the market, except for legitimate reasons related to perishable, seasonal, or surplus goods [1] - New provisions have been added to prohibit operators from leveraging influence or industry dominance to force or bundle sales of goods and services, as well as imposing unreasonable fees or restrictions on transaction prices [2] - The draft also enhances government pricing regulations, requiring that government-guided and government-set prices be based on social average costs, market supply and demand, and the economic and social development needs of the country [2]

Core Viewpoint - The National Development and Reform Commission and the State Administration for Market Regulation have drafted a revision of the Price Law and are seeking public opinions to implement the decisions of the Central Committee and the State Council [1] Group 1 - The draft aims to align with the central government's policies and directives [1] - The revision process involves public consultation to gather feedback from various stakeholders [1]

Core Viewpoint - The National Development and Reform Commission and the State Administration for Market Regulation are seeking public opinion on the draft amendment to the Price Law of the People's Republic of China, which aims to enhance legal responsibilities for price violations by operators [1] Group 1: Legal Responsibility Adjustments - The proposed changes include increasing the penalties for operators who violate the clear pricing regulations [1] - The draft also specifies legal responsibilities for operators who refuse or provide false information regarding cost audits and investigations [1]

Core Viewpoint - The National Development and Reform Commission and the State Administration for Market Regulation are seeking public opinions on the draft amendment to the Price Law of the People's Republic of China, indicating a need to adapt to new circumstances and changes in the pricing landscape [1] Group 1: Pricing Environment - The current pricing environment has undergone significant changes, with the majority of goods and services prices now determined by the market [1] - New economic models and business formats are continuously emerging, highlighting the need for updated regulatory frameworks [1] Group 2: Competition Issues - There are prominent issues of low-price and disorderly competition in certain industries, which necessitate new requirements for price regulation and oversight [1]