China issues new guideline to strengthen price governance mechanism

 China has unveiled a guideline to further deepen price reform and improve the price governance mechanism.

The guideline was issued by the General Office of the Communist Party of China Central Committee and the General Office of the State Council.

It aims to improve the market price formation mechanism to promote efficient resource allocation, the price guidance mechanism for key areas' development and security, the price regulation mechanism to maintain reasonable price levels, and the transparent and predictable market price supervision mechanism. ■