Two departments will closely monitor market price competition and maintain price order in key areas in collaboration with relevant departments.

National Development and Reform Commission, State Administration for Market Regulation issue a public announcement on governing disorderly competition in pricing and maintaining a good market price order. It mentions that operators suspected of engaging in disorderly price competition will be warned and admonished, required to consciously regulate their pricing behavior, and strictly adhere to the bottom line of price competition. The departments of Development and Reform and Market Supervision will focus on operators who fail to regulate their pricing behavior after being warned and admonished, and if necessary, conduct cost investigations and price supervision checks. If any illegal pricing issues are discovered, they will be dealt with according to the law. The NDRC and the State Administration for Market Regulation will closely monitor market price competition and maintain the price order in key areas. They will fully utilize credit supervision and implement penalties for dishonesty according to the law. In 2025, Announcement No. 4 Price competition is an important way of market competition, but disorderly competition can have a negative impact on industry development, product innovation, quality, and safety, which is not conducive to the healthy development of the national economy. In order to regulate market price behavior, maintain a good market price order, and support high-quality development, the following matters are announced. 1. For goods and services with market-regulated prices, operators should follow the principles of fairness, legality, and honesty according to the Price Law of the People's Republic of China. They should base their pricing on production costs and market supply and demand conditions, exercise their pricing autonomy according to the law, consciously maintain market price order, and create a fair and orderly competitive market environment. 2. For key industries with prominent issues of disorderly price competition, relevant industry associations and other organizations, under the guidance of the NDRC, the State Administration for Market Regulation, and industry regulatory authorities, can research and evaluate industry average costs to provide references for reasonable pricing by operators. 3. The Development and Reform Commission, Market Supervision Department, and industry regulatory authorities should work together to strengthen policy dissemination, remind operators to operate legally and compliantly, improve product quality, and service levels. Operators suspected of engaging in disorderly price competition will be warned and admonished, required to consciously regulate their pricing behavior, and strictly adhere to the bottom line of price competition. 4. The Development and Reform Commission, Market Supervision Department will focus on operators who fail to regulate their pricing behavior after being warned and admonished. If necessary, they will conduct cost investigations and price supervision checks. If any illegal pricing issues are discovered, they will be dealt with according to the law. 5. Operators should strictly comply with the People's Republic of China's Tendering and Bidding Law and its implementing regulations, consciously regulate their tendering and bidding behavior, and not bid below cost to ensure product and service quality. 6. Industry associations should strictly comply with the Price Law of the People's Republic of China and the Anti-Monopoly Law, promote industry self-discipline, and guide operators to jointly maintain industry fair competition order. 7. The National Development and Reform Commission, the State Administration for Market Regulation, will closely monitor market price competition and maintain the price order in key areas. They will fully utilize credit supervision and implement penalties for dishonesty according to the law. National Development and Reform Commission State Administration for Market Regulation September 28, 2025 This article is from the official website of the National Development and Reform Commission, edited by GMTEight: Liu Jiayin.