Train Ticket Pricing
With the arrival of the Spring Festival travel season, train ticket pricing has again become a hot topic. Someone posted a microblog to call for “seatless tickets cut to half price,” which garnered support from 80 percent of netizens. It is against the principles of fair play that currently seats and standing-room-only tickets are sold at the same price. An economic belief holds that market naturally determines the price. Letting the market determine train prices requires the country’s railway department to transform from an administrator to a market player. After reform, not only will the prices of seatless tickets drop, but prices for various classes and times will become adjustable and negotiable, and such flexible pricing will benefit all passengers - regardless of income and social class.
(Xu Lifan, Chinadaily.com.cn)
On January 4, 2013, the National Development and Reform Commission of China announced penalties of 353 million yuan levied on six international LCD screen suppliers including Samsung and LG for anti-trust charges and price fixing. The settlement is considered the biggest fine China ever imposed on foreign firms. Before this, the United States levied penalties of more than $1.2 billion on the six companies and punished nine executives involved.......