Legal basis: People's Republic of China (PRC) Price Law.
Fourteenth operators shall not have the following unfair price behavior:
(1) colluding with each other to manipulate market prices and harming the legitimate rights and interests of other business operators or consumers
(2) Dumping at a price lower than the cost, excluding competitors or monopolizing the market, disrupting the normal production and operation order, and harming the national interests or the legitimate rights and interests of other operators, except for handling fresh commodities, seasonal commodities and overstocked commodities at reduced prices according to law.
(3) fabricating and spreading information about price increases, driving up prices and pushing commodity prices too high.
(four) using false or misleading price means to trick consumers or other operators into trading with them.
(5) Providing the same goods or services and discriminating against other business operators on the same trading terms.
(6) buying or selling commodities or providing services by means of upgrading or downgrading, and raising or lowering prices in disguise.
(seven) profiteering in violation of laws and regulations.
(8) Other unfair price behaviors prohibited by laws and administrative regulations.
Article 40 A business operator who commits one of the acts listed in Article 14 of this Law shall be ordered to make corrections, his illegal income shall be confiscated, and he may also be fined not more than five times his illegal income. If there is illegal income, a warning shall be given and a fine may be imposed. If the circumstances are serious, it shall be ordered to suspend business for rectification, or its business license shall be revoked by the administrative department for industry and commerce. Where the relevant laws provide otherwise for the punishment of the acts listed in Article 14 of this Law and the punishment organ, the provisions of the relevant laws may be followed.
The acts listed in Item (1) and Item (2) of Article 14 of this Law are national and determined by the competent price department of the State Council, and those that are regional below the provincial level shall be determined by the competent price department of the people's governments of provinces, autonomous regions and municipalities directly under the Central Government.
Article 41 Where a business operator has caused consumers or other business operators to overpay due to price violations, it shall return the overpaid part and bear the liability for compensation according to law.