IMPLEMENTATION LEVEL

Subnational

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 05 May 2016 | Removal date: open ended
Still in force

State loan

The Hebei provincial government announcement included several channels of financial assistance for coal mining firms looking to downsize or exit the market entirely. Such channels include:

  • 'Special funds' to be awarded to state-owned enterprises who tackle excess production;
  • Rewards to staff and staff resettlement programmes to soften the blow for workers who are displaced due to reduced capacity;
  • State-sponsored 'debt restructuring' and the dissolution of 'non-performing assets'

  

In 2017, Hebei aims to close 13 coal mines in its attempts at dealing with excess production, to reduce output by 9.41 million tonnes (see China Securities Journal article in 'source').

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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