{"id":112987,"date":"2025-10-10T08:54:11","date_gmt":"2025-10-10T08:54:11","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/112987\/"},"modified":"2025-10-10T08:54:11","modified_gmt":"2025-10-10T08:54:11","slug":"chinese-regulators-step-up-efforts-to-target-disorderly-price-competition","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/112987\/","title":{"rendered":"Chinese regulators step up efforts to target disorderly price competition"},"content":{"rendered":"<p>Chinese regulators have launched renewed efforts to tackle the phenomenon of <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/economy\/china-economy\/article\/3316293\/stop-price-wars-chinas-state-media-guns-target-cutthroat-industrial-competition?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">disorderly price competition<\/a>, including the potential formulation of state-sanctioned cost assessments and firm actions against below-cost bidding.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">The National Development and Reform Commission (NDRC) \u2013 the country\u2019s top economic planner \u2013 and the State Administration for Market Regulation (SAMR) published a joint policy paper on Thursday outlining measures designed to limit the intense competition within some industries that has led to price wars and other self-destructive cost-cutting practices.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">\u201cDisorderly competition can have negative effects on industry development, product innovation, and quality and safety. It\u2019s detrimental to the healthy development of the national economy,\u201d the statement said.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">For key industries where \u201cdisorderly price competition is a prominent issue\u201d, the two agencies will guide industry associations to evaluate the average production costs across the sector and help companies set reasonable prices, it said.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Authorities are required to warn businesses if they suspect price wars are taking place and must pay close attention to those who have ignored warnings. When necessary, regulators must intervene and conduct cost investigations and price inspections.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">\u201cAny violations of pricing laws or regulations discovered shall be dealt with in accordance with the law,\u201d the statement said.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">The NDRC and SAMR have vowed to closely monitor market price competition with other government departments and maintain price order in key sectors.<\/p>\n","protected":false},"excerpt":{"rendered":"Chinese regulators have launched renewed efforts to tackle the phenomenon of disorderly price competition, including the potential formulation&hellip;\n","protected":false},"author":2,"featured_media":112988,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[174],"tags":[69862,79,69863,381,69861,69860,4595,179,18,51801,69864,19,36842,17,13942,69865,40383,34394,32108,3997],"class_list":{"0":"post-112987","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-below-cost-bidding","9":"tag-business","10":"tag-central-financial-and-economic-affairs-commission","11":"tag-china","12":"tag-cost-assessments","13":"tag-disorderly-price-competition","14":"tag-e-commerce","15":"tag-economy","16":"tag-eire","17":"tag-electric-vehicle","18":"tag-european-union-chamber-of-commerce-in-china","19":"tag-ie","20":"tag-involution","21":"tag-ireland","22":"tag-national-development-and-reform-commission","23":"tag-policy-paper","24":"tag-solar-panel","25":"tag-state-administration-for-market-regulation","26":"tag-steel","27":"tag-xi-jinping"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/112987","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=112987"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/112987\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/112988"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=112987"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=112987"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=112987"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}