The two departments openly solicited opinions on the "Draft Amendments to the Price Law of the People's Republic of China (soliciting public opinions)"

Wisdom Financial APP learned that on July 24th, the National Development and Reform Commission and the State Administration for Market Regulation issued a public notice on the solicitation of opinions on the draft amendment to the Price Law of the People's Republic of China. The draft mentions that article 42 will be amended to: "If an operator violates the regulations on clearly marked prices, they shall be ordered to make corrections, confiscate illegal gains, and may be fined up to five thousand yuan; in serious cases, they may be fined between five thousand and fifty thousand yuan. If there are no illegal gains, or if the illegal gains cannot be calculated, a fine of up to five thousand yuan may be imposed; in serious cases, a fine of between five thousand and fifty thousand yuan may be imposed."