价格法

價格法

jiàgéfǎ

noun

Meanings

1 Price Law (of the PRC)
2 law on pricing

Characters

Examples

企业定价必须遵守价格法。

Qǐyè dìngjià bìxū zūnshǒu jiàgéfǎ.

Enterprises must comply with the Price Law when setting prices.

价格法禁止哄抬物价。

Jiàgéfǎ jìnzhǐ hōngtái wùjià.

The Price Law prohibits price gouging.

Tips

history

《中华人民共和国价格法》was enacted in 1997, marking the legal shift from planned pricing to a market-based system with targeted government oversight. It underpins NDRC enforcement against 价格垄断 (price monopolies), 价格欺诈 (price fraud), and 囤积居奇 (hoarding).

Stroke Order

价 jià

格 gé

法 fǎ