IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

state-controlled

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 20 Nov 2015 | Removal date: open ended
Still in force

Capital injection and equity stakes (including bailouts)

 On 20 November 2015, the Chinese coal mining company Heilongjian Longmay Holding Group announced it will receive 3.8 billion RMB (ca. 600 million USD) in bailout from the local government.
The state-owned company will receive the money on 1 December 2015, which will be used to repay a bond worth 5 billion RMB due on 5 December and a note worth 0.8 billion RMB due on 15 December 2015.
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.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

110 Coal & peat
2701 Coal; briquettes, ovoids and similar solid fuels manufactured from coal.
270111 Anthracite
270112 Bituminous coal
270119 Other coal
270120 Briquettes, ovoids and similar solid fuels manufactured from coal

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