China\u2019s top economic planning agency and market regulator have unveiled new measures aimed at curbing disorderly price competition, warning that excessive price wars and below-cost bidding are undermining industry development and ultimately the country\u2019s economic growth.<\/p>\n
Price competition is an important market mechanism, however some industries in China have shown signs of disorderly competition, which may result in \u201cbad money driving out good money,\u201d according to a joint statementBloomberg Terminal<\/a> issuedBloomberg Terminal<\/a> by the National Development and Reform Commission and the State Administration for Market Regulation on Thursday night.<\/p>\n","protected":false},"excerpt":{"rendered":"China\u2019s top economic planning agency and market regulator have unveiled new measures aimed at curbing disorderly price competition,…\n","protected":false},"author":2,"featured_media":69092,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[15374,138,607,25833,55181,219,564,266,55183,220,55182,20014,111,139,69,640,145],"class_list":["post-69091","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-alibaba-group-holding-sp-adr","tag-business","tag-china","tag-economic-growth","tag-economic-planning","tag-economy","tag-food","tag-government","tag-jd-com-inc-adr","tag-markets","tag-meituan-class-b","tag-national-development-and-reform-commission","tag-new-zealand","tag-newzealand","tag-nz","tag-regulation","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/69091","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=69091"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/69091\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/69092"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=69091"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=69091"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=69091"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}