Price Law of the PRC (1998) · Yalla China
قانون الأسعار (1998) / Price Law of the PRC (1998)
Enacted: 1997-12-29 ✅ Effective: 1998-05-01
📝 Overview
Regulates price formation mechanisms in the Chinese market and defines government-regulated and free prices, addressing monopoly pricing and price fraud.
This is general information only, not legal advice. For your specific case, consult a licensed lawyer.
📜 The law text / key provisions
The Price Law (1998) provides: (1) Price types: fixed government prices, government-guided prices, free market prices; (2) Regulated prices: include utilities, transportation, essential medicines, education services; (3) Manipulation ban: price manipulation and competitor agreements to raise prices prohibited; (4) Commercial fraud: false pricing and quantity deception criminalized; (5) Consumer rights: right to transparent price information.
💬 Practical reading
💬 This is a general reading/opinion for orientation — not the official legal text nor legal advice.
If you encounter arbitrary pricing or price fraud in China, you can file a complaint with the local price bureau under the National Market Administration.
📎 Official source
National People's Congress of China
🕒 Updated: 16 March 2026