By: Susan Ning, Shan Lining, Liu Jia and Angie Ng

On 10 December 2010, the State Council published and enacted a set of revised penalty regulations[1] (vis-à-vis the Price Law 1997). 

Broadly, the penalties set out in these revised penalty regulations are more severe than the previous version. 

Of note is the fact that there is a new Article 5 which outlines more severe and specific remedies in relation to breaches amounting to price-fixing. In addition, the new Article 19 introduces criminal sanctions for breaches of the Price Law 1997 which severely disrupt the market order in China.Continue Reading If You Fix Prices, Beware of the Price Law and the Anti Monopoly Law