China's top price regulator urged business trading companies nationwide to examine and redress fraudulent pricing behaviors while making public several companies involved in such wrongdoing on Thursday.
The companies listed were involved in such misdemeanors as creating fictional original prices in sales promotions or cheating by not upholding conditional preference prices, said the National Development and Reform Commission (NDRC), China's top economic planner and price regulator.
The listed companies are located in the cities of Beijing, Shanghai, Tianjin, Nanjing, Shenyang, Harbin and Taiyuan.
The NDRC urged local authorities to impose fines of no more than 500,000 yuan (76,809 U.S. dollars) on the companies, according to a statement on the NDRC website.
Weekly review April 20 Beijing-Shanghai high-speed rail to remove luxury seats April 18 China undergoing shift into nation of consumers April 18 Zhejiang checks food, raids illegal bun makers April 19 SASS: Chinese students mentally healthier than Asian peers April 23 The week in pictures April 19 Build legal bulwark against moral decline April 21 'China model' 30 years on: from home to abroad April 21 Piano student's bloody crime heart-wrenching in China April 18 China places firmer lid on home prices April 19 China puts brake on economic bullet train
The companies listed were involved in such misdemeanors as creating fictional original prices in sales promotions or cheating by not upholding conditional preference prices, said the National Development and Reform Commission (NDRC), China's top economic planner and price regulator.
The listed companies are located in the cities of Beijing, Shanghai, Tianjin, Nanjing, Shenyang, Harbin and Taiyuan.
The NDRC urged local authorities to impose fines of no more than 500,000 yuan (76,809 U.S. dollars) on the companies, according to a statement on the NDRC website.
Weekly review April 20 Beijing-Shanghai high-speed rail to remove luxury seats April 18 China undergoing shift into nation of consumers April 18 Zhejiang checks food, raids illegal bun makers April 19 SASS: Chinese students mentally healthier than Asian peers April 23 The week in pictures April 19 Build legal bulwark against moral decline April 21 'China model' 30 years on: from home to abroad April 21 Piano student's bloody crime heart-wrenching in China April 18 China places firmer lid on home prices April 19 China puts brake on economic bullet train
