Ten o'clock news report | Two departments issue notices to govern disorderly price competition; 2025 "Double Eleven" battle begins early; JD.com's "double festival" Baijiu sales amount increases by 109% year-on-year

01 Two Departments Issue Notice to Govern Unruly Price Competition Recently, the National Development and Reform Commission and the State Administration for Market Regulation issued a "Notice on Governing Unruly Price Competition and Maintaining a Good Market Price Order" (hereinafter referred to as the "Notice"). The Notice states that price competition is one of the important ways of market competition, but unruly competition will have negative impacts on industry development, product innovation, quality safety, etc., and is not conducive to the healthy development of the national economy. The state supports fair, open, and legal market competition and maintains normal price order. For goods and services with market-regulated prices, operators should follow the principles of fairness, legality, and honest credit, based on production and operating costs and market supply and demand conditions, and lawfully exercise the right to independently set prices, consciously maintain ...