China cracks down on drug price gouging amid fears of COVID-19 spike

📆 12/10/2022 8:02 AM
📰 ChannelNewsAsia

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SHANGHAI: Chinese authorities said they were cracking down on price gouging of medical supplies and drugs, and seeking to ensure they flow smoothly as fears grow of a massive COVID-19 outbreak after the nationwide dismantling of strict restrictions. China announced 10 measures on Wednesday (Dec 7) that

A working group under the State Council, China's cabinet, issued a notice late on Friday, urging local governments to ensure smooth transport and logistics to maintain normal living and working order.

The notice banned unauthorised blockage or closure of highways, waterways, ports, railroad stations and airports, to comply with China's easing of restrictions. In a warning letter posted on Friday, the watchdog banned activities including price inflation, collusion, price discrimination, misleading propaganda and hoarding.

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