Regulations on Clear Pricing and Prohibition of Price Fraud

On 31st May, SAMR has consolidated and revised the original Regulations on the Pricing of Goods and Services and the Regulations on the Prohibition of Price Fraud, and drafted the Regulations on Clear Pricing and the Prohibition of Price Fraud. It is stipulated that the operator shall mark the commodity’s “name”, “price”, “unit of valuation” and the service’s “item name”, “price”, “unit of valuation” and other elements. Operators may independently decide to label other contents according to the characteristics of goods and services. The system of price tag supervision is abolished, operators can design their own price tags and priceRead More →

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