Wen Jiabao: Increase Penalties For Price Violations
Guidance: in view of the new situation and new problems in the current price order, it is necessary to amend the provisions on administrative penalties for price violations in order to severely punish price violations according to law and maintain normal market price order.
The revised draft regulations will collude with each other, maliciously hoarding, fabricating and distributing price information to drive up prices and profiteering as punishments, and increase penalties.
Premier of State Council
Wen Jiabao
On the 29 day, the Executive Council of the State Council chaired the decision.
Price violation
The administrative penalty regulations have been amended.
The meeting pointed out that the State Council recently issued stability.
Consumer price
The general level and some policies and measures to ensure the basic livelihood of the masses have achieved initial results.
These measures are mainly based on economic and legal means, supplemented by the necessary administrative means, focusing on developing production, ensuring supply, maintaining market order, and protecting the interests of producers and consumers.
In view of the new situation and new problems in the current price order, it is necessary to amend the provisions on administrative penalties for price violations in order to severely punish price violations according to law and maintain normal market price order.
The revised draft regulations will collude with each other, maliciously hoarding, fabricating and distributing price information to drive up prices and profiteering as punishments, and increase penalties.
The meeting decided that the bill was further amended and promulgated by the State Council.
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