Be vigilant about irrelevant costs in contracts and documentation

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clpstaff &clp articles

State Council set to regulate prices on monopolised goods and services

Investors should pay close attention to contracts and documents when doing business in China to avoid spending on irrelevant costs, say counsel.

In a draft regulation released on August 2, the government made clear its intent to regulate and cap prices in monopolised industries. The Legislative Affairs Office of the State Council of China issued the circular because vagaries remained during the cost examination process.

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