IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
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Inception date: No inception date

State loan

On the 9th of June 2009, the PRC Central People's Government released a plan to boost China's domestic shipping industry. Among the means mentioned that will be used to carry out this plan, it calls for the increased financing of relevant firms, more cooperation between banks and shipbuilding firms.

The policy also mentions the encouragement of the repair and procurement of damaged/abandoned ships. This element of the plan was formally ratified in a later policy see related measure).

Some Chinese news sources reported production subsidies of 17% to keep the industry afloat during the financial crisis.

The notice specifies the period covered by the plan as 2009-2011.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

675 Supporting services for water transport

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