Monopoly price will be subject to penalties.doc

 PAGE \* MERGEFORMAT 3 Monopoly price will be subject to penalties State Council’s approval, by the State Development Planning Commission issued a ‘price of illegal administrative penalties’ on August 1 start. State Planning Commission official said that currently, China’s economic development, the problem of insufficient effective demand, especially, the market overall price level has been more than 20 consecutive months of negative growth. Published implement this penalty provision is aimed at rectifying the market order, regulate the operation of the price action, in order to stimulate consumer demand to create a good environment to enhance consumer confidence in the market. The penalty provision is an important and price wears matching of administrative regulations, a total of 20, including the price of the main aspects of administrative punishment. The provisions of law principles in terms of price, based on further define price fixing, dumping, driving up prices, price gouging, price discrimination, a disguised price increase, or keep the prices down and profits and other improper acts of legal liability. On the operator fails to implement government guidance, government pricing, the legal price intervention measures, emergency measures, and clearly marked prices, such as non-implementation of the provisions of the specific penalties for violations. The official said that this provision also highlights the protection of consumers and operators of the legitimate rights and interests. Clearly defined, due to price violations resulted in more than consumers or other operators of payment shall be ordered to refund the deadline for the operators; difficult to find to pay the price, and ordered notice to find. Provides that the collusion between operators, to manipulate the market prices to the detriment of other operators or the legitimate rights and interests of consumers; to squeeze out competitors or to monopolize the market at below cost price dumping,