In order to implement the decision-making and deployment of the CPC Central Committee and the State Council, and to govern low-price and disorderly competition in accordance with the law and regulations, recently, the State Development and Reform Commission and the General Administration of Market Supervision jointly issued the Notice on Cost Accounting of Low-price and Disorderly Competition of Important Industrial Products. The original text is as follows:
Notice
of the State Administration
of Market Supervision of the National Development and Reform Commission on Matters Relating to Cost Accounting of Low-price and Disorderly Competition of Important Industrial Products FGJG [2026] No.1303
All provinces, autonomous regions, Development and Reform Commissions and Market Supervision Bureaus (Departments, Commissions) of Municipalities Directly under the Central Government and Sinkiang Production and Construction Corps:
In accordance with the provisions of the Price Law of the People's Republic of China and other laws and regulations and the relevant requirements of the Announcement on Controlling Price Disorderly Competition and Maintaining Good Market Price Order, the relevant matters concerning the cost accounting of low-price disorderly competition of important industrial products are hereby notified as follows.
1. The State Development and Reform Commission and the General Administration of Market Supervision focus on the production of important industrial products with prominent problems of low-price and disorderly competition, warn operators suspected of low-price and disorderly competition, organize cost investigations when necessary, and calculate the relevant costs of operators.
2. In principle, cost accounting is based on the individual cost of specific products produced by operators. When it is impossible to calculate the individual cost, refer to the average cost of the industry of the product and consider a certain downward floating range for accounting.
3. Individual cost refers to the unit cost of a particular product produced by an operator. The principles of legality, relevance and reasonableness shall be adhered to in the accounting of individual costs of business operators, and the following requirements shall be observed:
(1) The expenses included in the costs shall be based on the financial reports and relevant statements audited by accounting firms, and those that have not been audited during the accounting period shall be based on the original vouchers and account books with complete procedures provided by business operators. If the cost accounting method adopted by the operator or the data recorded are unreasonable, reasonable methods and standards may be adopted for adjustment. The associated costs shall be commensurate with what is covered by the selling price of the product.
(2) If the product category of the operator is single, the operator as a whole shall be the accounting object in principle; if the product category of the operator is more and the accounting of the product business segment is clear, the relevant product business segment may be the accounting object.
(3) The time range of accounting shall be determined by taking into account the characteristics of the industry, the stage of development, the procurement of raw materials, the production and sales cycle of products and other factors.
4. For operators whose actual capacity utilization rate is significantly lower than average capacity utilization rate of the industry, the impact of capacity utilization rate on individual costs should be properly considered.
5. The average cost of the industry shall be calculated and determined by the industry associations and other relevant institutions under the guidance of the State Development and Reform Commission, the General Administration of Market Supervision and the competent departments of the industry. The average cost of the industry can be calculated by means of general survey or sampling survey to determine the calculation object; when the sampling survey is adopted, the representative operators should be selected by taking into account the product category of the industry, the scale of operators, the distribution of producing areas, the technical route, the utilization rate of production capacity and other factors. For industries with large regional cost differences, the average cost of the industry can be calculated by region.
6. Under the unified guidance of the state, the provincial development and reform departments and market supervision departments should strengthen their contacts with the competent departments of the industry, combine the law of industrial development and the characteristics of production and operation of the industry, do a good job in relevant work, control low-price and disorderly competition in accordance with the law and regulations, and earnestly maintain the market price order. General Administration of
Market Supervision,
National Development and Reform Commission
, September 3
, 2026
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