Deprecated: Non-static method FW_ErrorHandler::add() should not be called statically in /var/app/current/Framework/Framework/classes/FW_DBGateway.php on line 134 Deprecated: Non-static method FW_ErrorHandler::mailErrorToAdmin() should not be called statically in /var/app/current/Framework/Framework/classes/FW_ErrorHandler.php on line 12 Intervention 74216: China: Government subsidy changes for listed company LIVZON GROUP in year 2015

IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

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: 01 Jan 2015 | Removal date: 31 Dec 2015

Financial grant

In 2015, the Shezhen-listed company LIVZON GROUP disclosed in its stock exchange filings the receipt of approximately 205 million USD of government subsidies. This represented a significant increase in the government subsidies obtained in the prior year (109 million USD).

In China it is a legal requirement that publicly-listed firms report any subsidies received from government bodies. The stated subsidy amounts refer to a given calendar year. It is possible that this firm received other forms of state aid that have not been declared.

The affected products and sectors have been chosen based on the "main products" and CSRC sector classification reported in the financial data of the firm. The subsidy amounts in USD were computed using the year-average exchange rate to the Chinese Yuan. The subsidy amount(s) reported here are the cash equivalents as estimated by the recipient firm.

A state act 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

351 Paints & varnishes & related products; artists' colours; ink
3207 Prepared pigments, prepared opacifiers and prepared colours, vitrifiable enamels and glazes, engobes (slips), liquid lustres and similar preparations, of a kind used in the ceramic, enamelling or glass industry; glass frit and other glass, in the form of
320740 Glass frit and other glass, in the form of powder, granules or flakes
352 Pharmaceutical products
2922 Oxygenfunction aminocompounds.
292241 Lysine and its esters; salts thereof
2924 Carboxyamidefunction compounds; amidefunction compounds of carbonic acid.
292419 Other
2933 Heterocyclic compounds with nitrogen heteroatom(s) only.
293319 Other
293359 Other
2936 Provitamins and vitamins, natural or reproduced by synthesis (including natural concentrates), derivatives thereof used primarily as vitamins, and intermixtures of the foregoing, whether or not in any solvent.
293622 Vitamin B1 and its derivatives
2939 Vegetable alkaloids, natural or reproduced by synthesis, and their salts, ethers, esters and other derivatives.
293920 Alkaloids of cinchona and their derivatives; salts thereof
2941 Antibiotics.
294130 Tetracyclines and their derivatives; salts thereof
294150 Erythromycin and its derivatives; salts thereof
294190 Other
3004 Medicaments (excluding goods of heading 30.02, 30.05 or 30.06) consisting of mixed or unmixed products for therapeutic or prophylactic uses, put up in measured doses (including those in the form of transdermal administration systems) or in forms or packin
300410 Containing penicillins or derivatives thereof, with a penicillanic acid structure, or streptomycins or their derivatives
300420 Containing other antibiotics
300431 Containing insulin
300432 Containing corticosteroid hormones, their derivatives or structural analogues
300439 Other
300440 Containing alkaloids or derivatives thereof but not containing hormones, other products of heading 29.37 or antibiotics
300450 Other medicaments containing vitamins or other products of heading 29.36
300490 Other
353 Soap, cleaning preparations, perfumes & toilet preparations
3401 Soap; organic surfaceactive products and preparations for use as soap, in the form of bars, cakes, moulded pieces or shapes, whether or not containing soap; organic surfaceactive products and preparations for washing the skin, in the form of liquid or c
340111 For toilet use (including medicated products)
354 Chemical products n.e.c.
3501 Casein, caseinates and other casein derivatives; casein glues.
350190 Other
3809 Finishing agents, dye carriers to accelerate the dyeing or fixing of dyestuffs and other products and preparations (for example, dressings and mordants), of a kind used in the textile, paper, leather or like industries, not elsewhere specified or included
380992 Of a kind used in the paper or like industries
3822 Diagnostic or laboratory reagents on a backing, prepared diagnostic or laboratory reagents whether or not on a backing, other than those of heading 30.02 or 30.06; certified reference materials.
382200 Diagnostic or laboratory reagents on a backing, prepared diagnostic or laboratory reagents whether or not on a backing, other than those of heading 30.02 or 30.06; certified reference materials.

Please report this page in case you detect an inaccuracy in its content.