Order of the National Development and Reform Commission of the People's Republic of China on Releasing the Price Monitoring Provisions
Order of the National Development and Reform Commission of the People's Republic of China on Releasing the Price Monitoring Provisions
Order of the National Development and Reform Commission of the People's Republic of China on Releasing the Price Monitoring Provisions
Order of the National Development and Reform Commission of the People's Republic of
April 9, 2003
The "Price Monitoring Provisions", which were deliberated and adopted at the working meeting of the National Development and Reform Commission, are hereby promulgated, and shall come into force on June 1, 2003.
National Development and Reform Commission Director General Ma Kai
Attached: Price Monitoring Provisions
Article 1 These Provisions are formulated in accordance with the "Pricing Law of the People's Republic of China" for the purpose of scientifically and effectively organizing the price monitoring work, guaranteeing the authenticity, accuracy and timeliness of price monitoring data, giving play to the important functions of price monitoring in macro-economic control and price regulation, correctly directing people's production, circulation and consumption, and keeping the basic stability of the overall level of market prices.
Article 2 Price monitoring as mentioned in these Provisions shall mean the activities of the governmental price administrative department's following up, collecting, analyzing, forecasting and publishing the variation of the prices of important commodities and services.
The basic tasks of price monitoring are to survey and analyze the prices of important commodities and services, the variation of relevant costs and of market supply and demand; to follow up and feed back the state's important economic polices reflected in the price area; to practice price forecasting and pre-warning, and to timely propose policy suggestions.
Article 3 The price administrative department of the State Council shall take charge of organizing and coordinating the price monitoring work nationwide, while the price administrative department of the people's government at each level at or above the county level shall take charge of organizing and coordinating the price monitoring work within its jurisdiction.
The responsibility to perform the specific duties of price monitoring shall remain with the price monitoring institution and other relevant business institutions of the price administrative department of the people's government at each level.
Article 4 The price administrative department of the people's government at each level equal to or above the county level shall establish and improve the price monitoring institution, clarify the price monitoring work duties, staff corresponding price monitoring personnel, and organize the implementation of the price monitoring work.
Article 5 The price administrative department of the State Council shall formulate the national uniform price monitoring report rules, make specific measures for the survey of prices, for collecting, gathering, calculating, transmitting, reporting, analyzing and publishing the information on prices, as well as for the uniform standards of corresponding price monitoring items, indices, codes and formats.
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