China’s market regulator advances campaign against substandard low-priced products, files 29,000 cases
On September 17, China’s State Administration for Market Regulation (SAMR) held a meeting to advance its special campaign against substandard and low-priced products, aiming to curb “involutionary” competition. Since the campaign launched, regulators have filed 29,000 illegal cases involving pricing, competition, quality, and certification, with fines and confiscations totaling RMB 280 million and over RMB 16 million refunded to consumers. The goal is to shift businesses toward quality- and value-based competition.
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China's Market Regulator Urges Shift from Low-Price Involution to Quality Competition
On September 18, the State Administration for Market Regulation (SAMR) announced it held a meeting on September 17 to advance its special campaign against substandard and low-priced products. The meeting aimed to implement central government decisions on rectifying 'involutionary' competition. Since the campaign's launch, market regulators have filed 29,000 illegal cases involving pricing, competition, quality, and certification, resulting in fines and confiscations of 280 million yuan and refunds of over 16 million yuan to consumers. The SAMR emphasized enhancing political awareness, strengthening law enforcement, deepening systematic governance, and improving long-term mechanisms. The goal is to guide business entities away from 'low-price involution' toward 'quality-based and value-based competition,' fostering a market order where high quality commands fair prices and healthy competition.
Read sourceChina's Market Regulator Advances Campaign Against Substandard Low-Priced Products
On September 17, the State Administration for Market Regulation (SAMR) held a meeting to advance its special campaign against substandard and low-priced products, according to a report on September 18. The meeting aimed to implement decisions by the CPC Central Committee and the State Council to comprehensively rectify 'involutionary' competition. Deng Zhiyong, Deputy Director-General of SAMR and Director of the Standardization Administration of China, attended and delivered a speech. The meeting emphasized that market regulation departments at all levels must enhance their political stance, recognize new challenges, strengthen law enforcement and case handling, deepen systematic governance, focus on publicity and guidance, and improve long-term mechanisms. The goal is to guide business entities away from 'low-price involution' and toward 'quality-based and value-based competition,' promoting a market order where high quality commands fair prices and healthy competition.
Read sourceChina's Market Regulator Advances Campaign Against Substandard Low-Priced Products
On September 17, the State Administration for Market Regulation (SAMR) held a meeting to advance its special campaign against substandard and low-priced products, according to a September 18 report by Jin10 Data. The meeting aimed to implement decisions by the CPC Central Committee and the State Council to comprehensively rectify 'involution-style' competition. Deng Zhiyong, Deputy Director-General of SAMR and Director of the Standardization Administration of China, attended and delivered a speech. The meeting emphasized that market regulation departments at all levels must enhance political awareness, strengthen law enforcement and case handling, deepen systematic governance, focus on publicity and guidance, and improve long-term mechanisms. The stated goal is to guide business entities to shift from 'low-price involution' to 'quality-based and value-based competition,' fostering a market order where high quality commands fair prices and healthy competition.
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China's Market Regulator Urges Shift from Low-Price Wars to Quality Competition
On September 18, Cailian Press reported that China's State Administration for Market Regulation (SAMR) held a meeting on September 17 to advance its special campaign against substandard and low-priced products. The meeting emphasized that market regulation departments at all levels must enhance political awareness, strengthen law enforcement and case handling, deepen systematic governance, prioritize public communication, and improve long-term mechanisms. SAMR stated it should guide business entities to shift from 'involutionary price wars' to 'quality- and value-based competition,' aiming to foster a market order characterized by premium quality commanding premium prices and healthy competition. The report attributes these directives and forecasts to SAMR's official stance, reflecting a policy push to curb destructive price competition and promote higher-value production.
Read sourceChina's Market Regulator Advances Campaign Against Shoddy and Low-Priced Products
On September 17, the State Administration for Market Regulation (SAMR) held a meeting to advance a special campaign against shoddy and low-priced products, implementing decisions by the CPC Central Committee and the State Council to rectify 'involution-style' competition. Since the campaign launched, market regulators have filed 29,000 illegal cases involving pricing, competition, quality, and certification, with fines and confiscated proceeds totaling 280 million yuan and over 16 million yuan refunded to consumers. The meeting emphasized that departments must enhance political awareness, strengthen law enforcement, deepen systematic governance, and improve long-term mechanisms. The goal is to guide businesses away from 'low-price involution' toward 'quality-based and value-based competition,' fostering a market order of high quality at reasonable prices and healthy competition.
Read sourceChina's SAMR Advances Campaign Against Substandard and Low-Priced Products
On September 17, the State Administration for Market Regulation (SAMR) held a meeting to advance its special campaign against substandard and low-priced products, implementing decisions by the CPC Central Committee and the State Council to rectify 'involutionary' competition. Since the campaign's launch, market regulation departments have filed 29,000 illegal cases involving pricing, competition, quality, and certification, with fines and confiscated proceeds totaling RMB 280 million and over RMB 16 million refunded to consumers. The meeting emphasized that departments must enhance political awareness, strengthen law enforcement, deepen systematic governance, prioritize publicity, and improve long-term mechanisms. The goal is to guide businesses from 'low-price involution' to 'quality-based and value-based competition,' fostering a market order where high quality commands fair prices and healthy competition.
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