ANNOUNCED AS TEMPORARYNo
Bailout (capital injection or equity participation)
According to consistent press reports, on 22 September 2015, China Erzhong Group Co. announced its state-owned mother company would take over its bonds. Days earlier, the smelting-equipment manufacturer announced it would not be able to make an interest payment on a 1 billion RMB bond due 2017.
A state measure in the GTA database is assessed solely in terms of the extent to which its implementation affects the extent of discrimination against foreign commercial interests. On this metric, the state aid proposed here is discriminatory.
The list of affected trading partners is based on the 6-digit HS code 841710.
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