Core Points - The National Development and Reform Commission (NDRC) and the State Administration for Market Regulation (SAMR) issued an announcement to address disorderly price competition and maintain a sound market price order [1][2] - The announcement highlights the need for industry average cost assessments, enhanced price regulation, and standardized bidding practices to combat price disorder [1][2] Group 1 - The NDRC indicated that some industries in China are experiencing disorderly competition, which could lead to negative impacts on industry development, product innovation, and quality safety [1] - The announcement aims to coordinate price policies with industrial policies to effectively address price disorder and maintain a good market price order [1] - Industry associations, under the guidance of the NDRC and SAMR, can conduct assessments of industry average costs to provide pricing references for operators [1][2] Group 2 - The assessment of industry average costs can help operators optimize pricing strategies and standardize pricing behavior [2] - The announcement outlines measures for operators engaged in disorderly competition, including warnings, regulatory enforcement, and penalties for dishonesty [2] - In the bidding sector, operators are required to comply with the relevant laws and regulations, ensuring that bids are not below cost to protect product and service quality [2] Group 3 - The NDRC and SAMR plan to promote policy awareness, encourage industry self-discipline, and enhance market monitoring and enforcement to maintain a fair competitive market environment [2]