Chinese Vaccine Industry Association initiative: strictly prohibit participating in bidding with prices lower than costs.

On the afternoon of November 19th, the China Vaccine Industry Association issued the "Initiative to Resist 'Inward Loop' Competition and Promote the High-Quality Development of Vaccine and Related Bioproduct Industry", proposing to firmly resist disorderly low-price competition. In the entire bidding process, it is strictly prohibited to participate in bidding with prices lower than the cost, effectively guaranteeing the quality standards of products and services.