Draft to amend price law unveiled

China unveiled the draft of an amendment to its price law on Thursday for seeking public opinions, marking a significant step in strengthening market supervision, deterring unfair pricing practices, and reinforcing the country's push toward a more efficient and high-quality economic structure.

Experts said the move sends a clear signal that China is committed to fostering a market environment that encourages fair competition, as the country adapts to evolving market dynamics and increasing international uncertainty.

The document, jointly drafted by the National Development and Reform Commission and the State Administration for Market Regulation on Thursday, consists of 10 articles with a key focus on improving regulations related to government pricing, further clarifying the criteria for identifying unfair pricing behavior, and strengthening legal accountability for price-related violations.