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China cracks down on irregular fees levied on businesses, with $59m in fines in 2024

( September 26, 2025, 08:19 GMT | Official Statement) -- MLex Summary: China's market regulators filed 3,042 cases nationwide in 2024 targeting irregular fees faced by companies, resulting in 430 million yuan ($59 million) in penalties and 1.36 billion yuan in refunds. According to the 2024 annual price supervision and anti-monopoly enforcement report published Friday by the State Administration for Market Regulation, regulators prioritized funeral services, a sector long plagued by price abuses. They also opened 18,400 cases in areas tied to livelihoods, imposing 1.21 billion yuan in fines and refunding 662 million yuan.The statement follows:...

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