(Summit No. 105 of the Government of the Beijing City of 11 October 2011 to consider the adoption of Decree No. 240 of 19 October 2011 of the Beijing People's Government Ordinance No. 240 of 1 December 2011)

Article 1 establishes this approach in the light of the People's Republic of China price law, in order to regulate price monitoring, to guarantee the accuracy and timeliness of price monitoring information and to play a role in macroeconomic regulation.

Article II applies to price monitoring within the city's administration.

The price monitoring referred to in this approach refers to activities carried out by price authorities to track, collect, analyse, early warning and report information on important goods and services prices.

Article 3. Municipal and district and district price authorities are responsible for price monitoring in the current administration area, organize price monitoring reporting systems; monitor analysis of major goods and services prices and changes in market supply and demand; track the implementation of feedback price policies and measures; implement price projections, early warning and make timely recommendations.

The price monitoring body established by the price authorities assumes specific price monitoring.

Article IV.

(i) Agricultural products such as food, oil, meat, eggs, vegetables;

(ii) Industrial production information, such as steel, cement, colour metals;

(iii) Agricultural production information, such as fertilizers, farming and pesticides;

(iv) Energy products such as oil, fuel and coal;

(v) Electrical products such as automotives, communications equipment, household electricity;

(vi) The sale, lease and land concessions of homes;

(vii) Services such as medical, educational and passenger transport;

(viii) Other important goods and services identified by the State and the city.

Article 5 Municipal price authorities, in line with national price monitoring reporting systems, develop the market price monitoring reporting system, identify specific monitoring projects for important goods and services prices, and identify the collection, summary, analysis and reporting methods for price information.

The units and individuals involved in price monitoring should be matched by price authorities for price monitoring, such as real provision of price-related information.

Article 7. Price monitoring includes conventional monitoring, specific surveys and emergency monitoring.

Article 8. The price authorities, in accordance with the current market price monitoring reporting system, determine the lawful operation, the credibility and the industry representative operators as a determining point for regular monitoring. The price authorities may enter into agreements with the targeted units.

The price authorities should issue certificates and brands to the targeted units and inform society.

Article 9.

The final unit should establish a price monitoring desk, arrange for dedicated or part-time staff, with accurate, timely and complete delivery of price-related information as required by the price monitoring reporting system.

Article 10 fixes cannot meet the needs of price monitoring due to production, operation adjustments, and price authorities should recover certificates and brands in a timely manner and inform society.

Article 11 has one of the following cases, and price authorities may conduct specific investigations:

(i) The issue of hot spots and difficulties in economic performance;

(ii) Social attention to higher prices;

(iii) Implementation of price policies and measures.

Article 12. Specific surveys should clarify the target, develop survey programmes, obtain price information on specific goods and services, provide timely and accurate information and analysis and provide information on macroeconomic management.

In one of the following cases, the price authorities should conduct emergency monitoring:

(i) Social public concentration in the purchase of a category of commodities;

(ii) The volatility of commodity prices in a particular category;

(iii) Other responses should be conducted.

Article 14. The price authorities should establish a network for monitoring early warning of prices, establish emergency monitoring prestigation, specifying the commencement and lifting of conditions, work procedures, safeguards, etc., and report on market price fluctuations, causes and recommendations to the current people's governments and the high-level price authorities in a timely manner.

Article 15. The price authorities shall provide policy advice, operational guidance and free training to the targeted units and provide the necessary working conditions.

Price monitoring information shall not be used for other purposes other than macroeconomic regulation and price management.

Article 16 should have the expertise required to carry out price monitoring efforts, as evidenced by the content, criteria, methods, time and procedures set out in the price monitoring reporting system.

The price authorities and their staff should be kept confidential for monitoring information at prices that are classified or commercially secret.

The price authorities have established the price monitoring expert chamber system, which, according to work needs, will analyse market changes in a timely manner with the relevant experts and predict prices.

The price authorities should submit price monitoring reports in a timely manner to the current people's governments and the higher-level price authorities.

The price monitoring report includes, inter alia, the following:

(i) Monitoring the operation of goods and services prices and social responses;

(ii) Analysis and trend forecasting, early warning of changing prices of goods and services;

(iii) Implementation of price policies and measures;

(iv) Policy and policy recommendations to be addressed;

(v) Other developments relating to the monitoring of prices of goods and services.

Article 19 Price authorities should strengthen information production, improve information collection, processing, transmission systems, access to information delivery channels and achieve information-sharing among relevant sectors of government.

The requirements for price monitoring are budgeted.

Article 20: The price monitoring staff is one of the following acts, which are governed by the law by the relevant authorities; constitutes an offence punishable by law:

(i) The implementation of price monitoring efforts in accordance with the content, standards, methods, time and procedures set out in the price monitoring reporting system;

(ii) Expropriation of reports, retreats or the modification of price monitoring information;

(iii) Disclosure of information to be monitored at a price that is a State secret or commercial secret;

(iv) Use price monitoring information for other purposes other than macroeconomic regulation and price management.

Article 21, in violation of article 6 of this approach, stipulates that units and individuals involved in price monitoring refuse to cooperate or refuse to provide information that affects price monitoring efforts, are converted by price authorities to order deadlines; and that there is less than 30,000 fines.

In violation of article 9, paragraph 2, of the present approach, the final unit was not accurate, timely and complete to submit price-related information, which was corrected by a price authority order and could be fined up to 1 million dollars.

Article 23 of this approach is implemented effective 1 December 2011.