On October 12, 2015, the Central Committee of the Communist Party of China and the State Council issued the Several Opinions on Promoting the Price Mechanism Reform (“Opinions”). The Opinions call for strengthening the market price supervision and the antitrust enforcement, and target to establish a scientific, orderly, and transparent price supervision regime and antitrust enforcement mechanism by 2020.
Following the Opinions by the central government, many provincial governments (such as provinces of Henan, Hebei, Hunan, Hubei, Inner Mongolia, etc.) have recently issued their own guidelines to promote price mechanism reform and enhance the antitrust enforcement.
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