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

Bailout (capital injection or equity participation)

On the 27th of November, 2017, the Chinese government announced a plan to turn the nation into a 'world class' place for marine engineering and infrastructure.

To achieve this, two channels of financial assistance will be pursued. Firstly, 'struggling', but nationally important, marine engineering firms that are experiencing 'temporary difficulties' with repayments will be helped with the means of 'various types of debt financing measures'. The example given is 'market-facing debt-to-equity swapping'.

The plan will run from 2017-2020.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

652 Water transport services of freight
675 Supporting services for water transport

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