From the beginning of this year, a few business operators in some area make profit by inventing or spreading the information of price increase, hostilely stocking up products and jacking up prices, which causes the abnormal fluctuation of the market price and severely disturbs the market order. From the beginning of this year, a few business operators in some area make profit by inventing or spreading the information of price increase, hostilely stocking up products and jacking up prices, which causes the abnormal fluctuation of the market price and severely disturbs the market order.

National Development and Reform Commission of China issued the draft Special Regulations on Penalties for Unlawful Practices Committed during the Periods of Abnormal Fluctuation of Market Price to seek comments.

The draft regulations were issued to further perfect the law system of market price supervision, stop and punish the unlawful practices during the abnormal fluctuation of market prices, manage the inflation expectation and stabilize the general level of market prices, and protect the lawful rights and interests of consumers and business owners.
POST: 2024-11-25