Order of the State Development Planning Commission on Issuing the Provisional Regulations on Banning Excessive Profiteering

Order of the State Development Planning Commission on Issuing the Provisional Regulations on Banning Excessive Profiteering

Order of Development Planning Commission [1995] No.4

January 25, 1995

Article 1 These regulations are formulated with the view to maintaining order in the socialist market economy, prohibiting excessive profiteering and protecting consumers' legal rights.

Article 2 The regulations apply to commodities and services which are essential to the national economy and social development and closely related to citizens' life (hereinafter referred to as commodities and services).
Price supervising departments under the State Council are responsible for announcing and adjusting the list of items of above-mentioned commodities and services, according to relevant regulations of the State Council.
Items with fixed prices should be supervised in accordance with the State pricing standard and relevant regulations of price administration under the State Council.
On the basis of the list of items announced by price supervising departments under the State Council, the people's governments of provinces, autonomous regions and centrally-governed municipalities can add more items which are closely related to the locals' life. The local governments should announce the additional items and report to price supervising departments under the State Council for record.

Article 3 Citizens, legal persons, and other organizations that conduct business and offer paid services within the jurisdiction of the People's Republic of China (hereafter referred to as business dealers) should abide by this regulations.

Article 4 Business dealers should comply with the principle of openness, fairness, and honesty and abide by the State's regulations in selling goods at marked prices.

Article 5 Pricing standards of commodities and services should meet the following requirements:
1.
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