IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Outflow (subsidised)

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: 17 May 2017 | Removal date: open ended
Still in force

Financial assistance in foreign market

On the 17th of May 2017, the investment subsidiary of China Construction America (CCA), Strategic Capital, annouced that it had invested $140m of funds into a new construction project in New York, NY, USA. CCA's parent company, China State Construction Engineering (CSCE) is a Chinese state-owned construction company, heavily supported by both the Chinese government and Export-Import bank of China in extending the tendrils of China's construction industry overseas.

AFFECTED COUNTRIES

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