China Deregulates Pricing in Telecommunication Sector* China has seen another far-reaching step towards deregulating the strictly regulated telecommunication sector. On May 9, 2014, the Ministry of Industry and Information Technology of the P.R.C. (MIIT) and the National Development and Reform Commission (NDRC) jointly issued a notice announcing liberalizing pricing of the telecommunication services (Notice) [1]. This policy has come into force on May 10, 2014. Backdrop The price liberalization in the telecommunication sector comes when the ruling party vows to comprehensively deepen the reform and looks to the market as the essential price-setting mechanism. And the Notice is an execution of the State Council’s Decision on Removing and Delegating Some Items Requiring Administrative
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The Chinese NDRC and the Ministry of Industry and Information Technology jointly issue a notice announcing liberalizing pricing of the telecommunication services
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