A set of regulations have been imposed on sectors including auction operations, commercial networks and franchises by the State Economic and Trade Commission (SETC), to further regulate the order of the economic market.
The measures include:
Improving rules and regulations on the administration of oil, beverages, dangerous chemical products, auctions, wholesale markets and second-hand products.
Introducing new operation methods, such as chain-stores and e-business to services and product circulation sectors.
Strengthening the marketing supervision and macro-coordination and control over major products, such as food, cotton, oil, meat, vegetables, sugar, steel and coal in order to keep the prices of the products stable.
Improving existing systems on quality control, State's order, government purchases, market access and State's reserves.
According to the target of domestic trade released by SETC, the nation's retail sales volume is expected to increase by 10 percent this year, compared to that of last year. The sales volume of production means is expected to increase by 9 percent.
(People's Daily March 26, 2002)
