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China eases price controls on services, commodities

Publish date: 07 January 2015
Issue Number: 3663
Diary: Legalbrief Today
Category: Commercial

Government-set controls on the cost of air and rail passenger and cargo transportation in China will be lifted as part of a drive to deregulate prices and improve competition, the country's National Development and Reform Commission (NDRC) has announced, according to a report on the Out-Law.com site.

The changes are among eight sets of regulations lifting price controls on 24 different commodities and services published on the NDRC's . The documents cover tobacco pricing, rail transport, civil aviation, ports, professional services, local services and explosive materials for civil use; and the changes took effect in November and December 2014. Full Out-Law.com report