IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
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Inception date: 01 Jan 2018 | Removal date: 31 Dec 2018

Financial grant

In 2018, the Shezhen-listed company TLYS disclosed in its stock exchange filings the receipt of approximately 147 million USD of government subsidies. This represented a significant decrease in the government subsidies obtained in the prior year (176 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

412 Products of iron or steel
7306 Other tubes, pipes and hollow profiles (for example, open seam or welded, riveted or similarly closed), of iron or steel.
730690 Other
413 Basic precious metals & metals clad with precious metals
7106 Silver (including silver plated with gold or platinum), unwrought or in semimanufactured forms, or in powder form.
710692 Semimanufactured
414 Copper, nickel, aluminium, alumina, lead, zinc & tin, unwrought
7401 Copper mattes; cement copper (precipitated copper).
740100 Copper mattes; cement copper (precipitated copper).
7403 Refined copper and copper alloys, unwrought.
740311 Cathodes and sections of cathodes
415 Unfinished products of copper, nickel, aluminium, lead, zinc or tin
7406 Copper powders and flakes.
740610 Powders of nonlamellar structure
740620 Powders of lamellar structure; flakes
7408 Copper wire.
740819 Other
740822 Of coppernickel base alloys (cupronickel) or coppernickelzinc base alloys (nickel silver)
7409 Copper plates, sheets and strip, of a thickness exceeding 0.15 mm.
740911 In coils
740919 Other
740921 In coils
740929 Other
740931 In coils
740939 Other
740940 Of coppernickel base alloys (cupronickel) or coppernickelzinc base alloys (nickel silver)
740990 Of other copper alloys
7410 Copper foil (whether or not printed or backed with paper, paperboard, plastics or similar backing materials) of a thickness (excluding any backing) not exceeding 0.15 mm.
741021 Of refined copper
7411 Copper tubes and pipes.
741110 Of refined copper
7412 Copper tube or pipe fittings (for example, couplings, elbows, sleeves).
741210 Of refined copper
741220 Of copper alloys

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