China's First Price Hearing Opens in Beijing

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Last updated at: (Beijing Time) Saturday, January 12, 2002

China's First Price Hearing Opens in Beijing

China's first ever central government-sponsored hearing on setting prices of railway tickets opened here Saturday. Thirty-three delegates representing the most customers, railway employees, government officials and scholars participated in the price hearing.

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China's First Price Hearing Opens in Beijing

China's first ever central government-sponsored hearing on setting prices of railway tickets opened here Saturday. The public hearing on price setting was organized by the State Development Planning Commission (SDPC).

Thirty-three delegates representing the most customers, railway employees, government officials and scholars participated in the price hearing.

They will discuss the pros and cons of raising ticket prices during the peak time of passenger transport around the Chinese Lunar New Year.

China enacted the Price Law in 1998, introducing the idea of public hearings into the process of price-setting by the government.

Live Show By PD Online for First Price Hearing

The interim regulations of hearings on government decision on prices were put in force in August, 2001.

Today's price hearing is the first one at central government level since the regulation was implemented. Public input on pricing is a new concept for Chinese to involve common people or interested parties in the decision-making process of the government.

The one-day hearing is still going on.

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