Two departments: proposed to increase the penalties for operators violating the regulations on clearly marked prices.
The National Development and Reform Commission and the State Administration for Market Regulation are seeking public opinions on the draft amendment to the Price Law of the People's Republic of China. The draft includes provisions to strengthen the legal responsibilities for price-related violations. These include adjusting the penalties for improper pricing behavior by businesses and increasing penalties for violations of the clear pricing regulations. It also clarifies the legal responsibilities for businesses that refuse or provide false information during cost audits or investigations.
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