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People's Daily Online>>China Politics

Retailers may lose grey income under crackdown

By Lu Nengneng (Shanghai Daily)

08:49, December 28, 2011

RETAILERS in China may lose their grey income as the commerce ministry will clamp down on their practice of imposing a non-standard charge, although an analyst warned that it will not be easy to eradicate.

Charging suppliers fees along with standard rent, sales commissions and promotion fees has been a common practice at large retailers in China as a way to maximize profit margins. But the practice has now been made illegal as the Ministry of Commerce prohibited it from Monday. It will also work with law enforcement agencies and market watchdogs to ensure retailers comply with the new rule.

Taking place from December to June 2012 the nation-wide overhaul of such unregulated practice aims at ''maintaining the market order and facilitating the retail industry's healthy development,'' the ministry said in a statement on its website.

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