China tightens pricing regulation for upcoming holidays
Share - WeChat
BEIJING -- China's economic planner will ensure forceful regulation of pricing regulations during the upcoming National Day and Mid-Autumn Festival holidays.
Local authorities must keep a close eye on food prices and watch out for pressure for price rises from hazardous weather and holiday consumption, according to a circular issue by the National Development and Reform Commission (NDRC).
Stores and restaurants in tourist spots must not raise ticket or product prices, and all goods and services must be clearly priced, according to the NDRC.
The same is required for transportation, e-commerce platforms and real estate developers and agents.
The National Day is on Oct. 1 and is celebrated with a week-long holiday. The Mid-Autumn Festival falls on Oct. 4 this year.
About 1.2 trillion yuan (185 billion U.S. dollars) was spent on shopping and food during last year's National Day holiday week, up 10.7 percent, according to the Ministry of Commerce.
Local authorities must keep a close eye on food prices and watch out for pressure for price rises from hazardous weather and holiday consumption, according to a circular issue by the National Development and Reform Commission (NDRC).
Stores and restaurants in tourist spots must not raise ticket or product prices, and all goods and services must be clearly priced, according to the NDRC.
The same is required for transportation, e-commerce platforms and real estate developers and agents.
The National Day is on Oct. 1 and is celebrated with a week-long holiday. The Mid-Autumn Festival falls on Oct. 4 this year.
About 1.2 trillion yuan (185 billion U.S. dollars) was spent on shopping and food during last year's National Day holiday week, up 10.7 percent, according to the Ministry of Commerce.
Related Stories
- State-owned egg producer cited for excessive drug residues
- Chinese universities launch alliance for rural field survey
- New rail regulations target rule-breakers, add passenger-friendly policies
- Scholars and research achievements honored at event in Xinjiang
- Lujiazui coffee festival debuts East-West fusion in Shanghai
- Pediatric services now available at major public TCM hospitals































