China proposes draft rules on internet platform pricing

SHANGHAI -China proposed rules for internet platform pricing on Saturday, seeking public comment after a raft of complaints by merchants and consumers of unfair or misleading pricing by big platforms.

The draft rules for platforms selling goods or services are meant to encourage price transparency and fairness, the National Development and Reform Commission said in a statement.

Those operating on such platforms shall “agree on and change prices through standardised means such as contracts and orders,” the commission said.

The rules require platform…