Trade: Authority restricts prices
(Shanghai Daily)
Updated: 2006-06-30 15:49
The original price of a product shown during a promotion must be the lowest
price offered within a seven day grace period before the promotion begins, a
Guangzhou newspaper reported, citing a new national regulation it obtained from
the local pricing authority.
The regulation was released by the National Development and Reform Commission
on the Information Times, via the Guangzhou Pricing Bureau.
The regulation aims to further protect customers from retailers who intend to
lure or mislead them. Some retailers jack up the original price during a
promotion so that customers believe the sale price is a real bargain. Therefore,
the discount may not be as real as the shops are claiming.
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