IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 22 Sep 2015 | Removal date: open ended
Still in force

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.
 

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

434 Ovens & furnace burners & parts
8417 Industrial or laboratory furnaces and ovens, including incinerators, nonelectric.
841710 Furnaces and ovens for the roasting, melting or other heattreatment of ores, pyrites or of metals

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