Decision of the State Council on the Revision of the Provisions on Administrative Penalties Against Price-related Illegal Activities
Decision of the State Council on the Revision of the Provisions on Administrative Penalties Against Price-related Illegal Activities
Decision of the State Council on the Revision of the Provisions on Administrative Penalties Against Price-related Illegal Activities
Order of the State Council [2008] No. 515
January 13, 2008
The Decision of the State Council on the Revision of the Provisions on Administrative Sanctions against Price-related Illegal Activities was adopted on the 204th Exectutive Meeting of the State Council on September 1, 2008 and is hereby promulgated for implementation.
Premier Wen Jiabao
Appenidx: Decision of the State Council on the Revision of the Provisions on Administrative Sanctions against Price-related Illegal Activities
The State Council has decided to make an revision to the Rules of Administrative Penalties on Illegal Activities Relating to Price as follows:
Article 1 Article 4 is revised as "Should an operator be found indulging in any of the following illegalities, the relevant authorities shall order the operator to make corrections, confiscate his or her illegal gains, and may impose a fine of not more than five times the total of the illegal gains. If no illegal gains are involved, a warning may be issued, and a fine of not less than CNY100, 000 but not more CNY1,000, 000 may be additionally imposed. Where the circumstances are serious, the operator shall be ordered to suspend business for internal rectification, or the business license shall be revoked by the state administration of industry and commerce:
1. Colluding with other parties to manipulate the market price and to infringe upon the lawful rights and interests of other operators or consumers;
2. Disrupting the normal order of production and operation process to the detriment of the lawful rights and interests of the Sate or other consumers and operators, which results from distributing or supplying goods at a price lower than the market price which has been determined by the forces of demand and supply or otherwise, for the purpose of ousting competitors or monopolizing the market unless the price reduction is for disposal of fresh, seasonal, or overstocked goods; or
3.
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