The National Development and Reform Commission and other departments issued a notice on cost accounting of low-priced and disorderly competition for important industrial products

China News Service, September 10. According to the website of the National Development and Reform Commission, in order to implement the decisions and arrangements of the Party Central Committee and the State Council and control low-price and disorderly competition in accordance with laws and regulations, the National Development and Reform Commission and the State Administration for Market Regulation jointly issued the "Notice on Matters Concerning Cost Accounting of Low-price and Disorderly Competition for Important Industrial Products" (hereinafter referred to as the "Notice").

In accordance with the provisions of laws and regulations such as the Price Law of the People's Republic of China and the requirements of the "Announcement on Controlling Disorderly Price Competition and Maintaining Good Market Price Order", the "Notice" focuses on important industrial product production areas where low-price disorderly competition is a prominent problem, and clarifies cost accounting forms, accounting basis, accounting requirements and other relevant matters. It provides clear guidance for cost accounting work, promotes the strengthening of industry self-discipline, guides enterprises to operate in compliance with the law, consciously regulate price behavior, and jointly maintain the market order of fair competition and healthy competition.

The "Notice" states that cost accounting is in principle based on the individual costs of operators producing specific products. When individual costs cannot be calculated, the industry average cost of the product is referred to and a certain downward range is considered for calculation. The average cost of the industry is calculated and determined by industry associations and other relevant institutions under the guidance of the National Development and Reform Commission, the State Administration for Market Regulation and industry authorities.

The "Notice" emphasizes that all provincial development and reform departments and market supervision departments must, under the unified guidance of the state, strengthen contact with industry authorities, do a good job in relevant work based on the laws of industrial development and industry production and operation characteristics, govern low-price and disorderly competition in accordance with laws and regulations, and effectively maintain market price order.