Core Viewpoint - The Guizhou Provincial Market Supervision Administration has conducted a meeting with major travel platforms to address pricing irregularities and enforce compliance with relevant laws and regulations [1][2]. Group 1: Regulatory Actions - The meeting involved companies such as Ctrip, Tongcheng, Douyin, Meituan, and Fliggy, emphasizing the need to adhere to the Price Law, Anti-Monopoly Law, and regulations against price fraud [1]. - The administration highlighted issues such as "choose one from two," manipulation of merchant pricing through technology, contract breaches, price fraud, and price gouging [1]. Group 2: Specific Incidents - Ctrip has faced criticism for requiring hotels to use a tool called "Price Adjustment Assistant," which allegedly allows the platform to modify room prices without merchant consent, impacting their profits [1]. - This action has raised concerns about Ctrip potentially abusing its market dominance and infringing on merchants' pricing autonomy [1]. Group 3: Future Oversight - The Guizhou Provincial Market Supervision Administration plans to closely monitor the competitive landscape of these platforms and will take strict legal action against those that violate regulations or fail to rectify issues [2]. - Additionally, a meeting was held to encourage travel associations to enhance compliance and self-regulation in pricing practices within the tourism industry [2].

Core Viewpoint - The Guizhou market regulatory authority is taking action against price irregularities in the tourism sector, emphasizing compliance with relevant laws and regulations to maintain a fair market environment [1] Group 1: Regulatory Actions - Guizhou's market supervision department has conducted administrative talks with major travel platforms including Ctrip, Tongcheng, Douyin, Meituan, and Fliggy to address pricing issues [1] - The authority has highlighted potential violations such as "choose one from two," price manipulation through technology, contract breaches, price fraud, and price gouging [1] - Companies are required to conduct self-inspections and rectify any illegal practices, ensuring compliance with laws to maintain fair competition [1] Group 2: Price Behavior Guidelines - A reminder was issued to the accommodation industry to adhere to pricing laws and regulations, ensuring reasonable pricing and honest operations [2] - Clear and accurate pricing must be displayed prominently on promotional pages and in physical locations, with any price changes communicated to consumers promptly [3][4] - It is prohibited to impose additional charges beyond the advertised price or to cancel bookings without valid reasons [5][6] Group 3: Prohibited Practices - Third-party platforms are not allowed to unilaterally change the prices set by accommodation providers [7] - Misleading practices such as fabricating original prices, false discounts, and vague pricing are strictly forbidden [8] - Price gouging and collusion among operators to manipulate room prices are also prohibited [9][10]

Core Viewpoint - The article discusses the ongoing "involution" competition across various industries in China, emphasizing the need for a unified national market and the government's efforts to regulate and guide this competition to ensure a healthy market environment [2][4][11]. Group 1: Involution Competition - The "involution" competition has escalated from e-commerce and automotive sectors to electronics, food, steel, and cement industries, leading to a detrimental cycle where companies sacrifice profits for market share [2][4]. - The Chinese government, through multiple departments, is actively implementing measures to address this "involution" competition, aiming to break the cycle and promote a healthier market order [2][5][11]. Group 2: Government Measures - The National Development and Reform Commission (NDRC) has introduced guidelines to prevent local governments from offering illegal incentives in areas such as finance, taxes, and resources, focusing on both constraints and guidance [5][6]. - The Ministry of Industry and Information Technology (MIIT) is targeting key industries like automotive and steel to encourage structural adjustments and the elimination of outdated capacities [6][11]. - The State Administration for Market Regulation (SAMR) is conducting targeted actions against unfair competition across a wide range of sectors, including e-commerce and food, to ensure fair market practices [6][9]. Group 3: Price Governance Framework - Recent reforms in the Anti-Unfair Competition Law aim to establish a fair competition review system, prohibiting practices that disrupt market order through below-cost pricing [8][9]. - The NDRC and SAMR are working on revising the pricing law to address predatory pricing and ensure that service pricing is also regulated, enhancing the legal framework for market supervision [9][10]. Group 4: Achievements and Future Directions - Initial results from the government's "combination punches" against "involution" competition show improvements in industries like steel and construction materials, with a gradual recovery in upstream supply chain prices [11]. - The article highlights the need for further reforms in performance evaluation and fiscal systems to eliminate local protectionism and market barriers, which are essential for the successful establishment of a unified national market [11].

Group 1 - The core viewpoint of the news is that the Urumqi City Market Supervision Administration is implementing a special action to supervise and inspect tourism market pricing, aiming to create a healthy and orderly tourism market environment [1][2] - The special action focuses on 3A-level (and above) scenic spots and surrounding businesses, including tourism shops, homestays, restaurants, and online travel platforms, to check for illegal pricing practices [1] - The administration will conduct comprehensive inspections of 4A-level scenic spots in conjunction with tourism activities, ensuring that market entities clearly commit to pricing standards, discount measures, and service quality [1] Group 2 - The Deputy Director of the Urumqi City Market Supervision Administration emphasized the importance of addressing the "key small matters" for the public, increasing supervision of market pricing behaviors, and strictly investigating price gouging and fraud [2] - The administration will utilize food safety supervision and inspections, including both overt and covert methods, to comprehensively identify food safety and service risks in tourist areas, ensuring a safe and trustworthy consumption environment for tourists [2]

Core Viewpoint - The recent issuance of the "Opinions on Improving the Price Governance Mechanism" by the Central Committee and the State Council aims to deepen price reform and enhance the price governance mechanism, which is essential for improving resource allocation efficiency and macroeconomic governance during the high-quality development phase [1]. Group 1: Price Governance Mechanism - The price governance mechanism is crucial for resource allocation efficiency, impacting every transaction in daily life and ensuring a well-functioning market [1]. - Currently, 97.5% of commodity and service prices in China are determined by the market, with an average annual CPI increase of approximately 1.6%, indicating a well-structured government pricing mechanism that supports steady economic development [1]. Group 2: Key Tasks and Mechanisms - The "Opinions" outline key tasks including the establishment of four mechanisms: a market price formation mechanism, a price guidance mechanism for key sectors, a price regulation mechanism to maintain reasonable price levels, and a transparent market price supervision mechanism, along with strengthening the foundational capabilities of price governance [2]. - The emphasis is on allowing the market to determine prices wherever possible, which is expected to guide enterprises towards innovation and transformation [2]. Group 3: Regulation and Supervision - Price regulation is necessary, especially in public utilities and services, to ensure that prices remain within a reasonable range, addressing the direct impact on consumers and businesses [3]. - A transparent and predictable price supervision system is essential for maintaining market order and enhancing confidence among business entities, necessitating a comprehensive regulatory framework to prevent violations and promote fair competition [3].

Core Viewpoint - The article discusses the issuance of the "Opinions on Improving Price Governance Mechanism" by the Central Committee and the State Council, aiming to deepen price reform and enhance the price governance mechanism in China. Group 1: Key Points of the Opinions - The direction of reform adheres to the socialist market economy, allowing the market to determine prices where possible, facilitating the efficient flow of high-quality production factors, and effectively serving the construction of a unified national market [2][5] - The opinions emphasize the need to improve the pricing mechanism for refined oil, deepen the market-oriented reform of natural gas prices, and accelerate the establishment of a coal market pricing mechanism [2][3] - It calls for the development of important commodity spot and futures markets, optimizing rules for futures listing, trading, and regulation, and solidifying the foundation for market price formation [3][4] Group 2: Price Regulation and Monitoring - The opinions propose to abolish price policies that hinder the construction of a unified national market and fair competition, preventing inappropriate government intervention in price formation [4][10] - It emphasizes the need for a transparent and predictable market price regulation mechanism, enhancing the supervision of market price behavior and maintaining market order [13][27] - The article highlights the importance of strengthening anti-monopoly regulation and enforcement to prevent and curb monopolistic behaviors in key sectors such as transportation, tourism, and education [4][9] Group 3: Agricultural and Energy Pricing Policies - The opinions outline the need to improve agricultural pricing policies to ensure stable and safe supply of food and important agricultural products, including mechanisms for price, subsidies, and insurance [3][23] - It also emphasizes the establishment of pricing policies that promote green and low-carbon transformation in energy, including mechanisms for natural gas power generation and energy storage [6][24] Group 4: Public Services and Digital Economy - The opinions call for the establishment of pricing policies for public services to ensure equitable access, including government-guided pricing for basic services in public and private institutions [4][24] - It highlights the need for innovative pricing policies for public data to facilitate the safe and efficient development of the digital economy [25][11] Group 5: Implementation and Coordination - The article stresses the importance of inter-departmental coordination and collaboration to effectively implement the opinions, ensuring that various tasks are clearly defined and executed [15][30] - It also mentions the need for a robust price monitoring and early warning system to enhance the timeliness and relevance of price monitoring [28][29]