BEIJING, July 2 (Reuters) - China's market regulator issued draft rules on Friday to punish illegal pricing activities, including heavy subsidies and the practice by online platforms of charging different prices based on a customers' purchasing behaviour.
Violation of the rules could incur a fine of 0.1% to 0.5% of a business' annual sales or even suspension of operations, according to a statement from the State Administration for Market Regulations $(SAMR.SI)$.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments