Latest News:  
Beijing   Sunny/Cloudy    5 / -5   City Forecast

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.

【1】 【2】

Email|Print|Comments(Editor:王莉莉)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. American aircraft carrier USS Carl Vinson visits Hong Kong

  2. Pileup occurs in China's Guiyang, leaving two dead, 18 injured

  3. Ice fishing festival held in Zhenlai County, NE China's Jilin

  4. 2nd China Sculpture Exhibition kicks off in Wenzhou

Most Popular

Opinions

  1. What is behind US 'Return-to-Asia' strategy?
  2. China's GDP growth may slow to 8 pct in 2012
  3. China's economy not to suffer a hard landing
  4. Common interests prevent 'Cold War'
  5. War-related carbon emissions deserves attention
  6. Noda's trip enhances China-Japan mutual trust
  7. Economic outlook for next year could be dimmer
  8. Human library promotes understanding
  9. For amiable China-Japan ties
  10. Europe should make greater efforts to save itself

What's happening in China

Chinese palace lanterns made for Spring Festival

  1. Tibet to build world's highest-altitude airport
  2. First 3D TV channel set to air
  3. Public schooling for migrant children brings light
  4. Stringent measures to protect Bohai Bay
  5. Chinglish finds takers beyond China

PD Online Data

  1. Traditional Mooncakes
  2. About Mooncakes
  3. History of Mooncakes
  4. Modern Mooncakes
  5. Legends of Mid-Autumn Festival