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 2014 | Removal date: 31 Dec 2014

Financial grant

In 2014, the Shezhen-listed company CHINA TUNGSTEN HIG disclosed in its stock exchange filings the receipt of approximately 216 million USD of government subsidies. This represented a significant increase in the government subsidies obtained in the prior year (161 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

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AFFECTED SECTORS AND PRODUCTS

333 Petroleum oils & oils of bituminous materials, other than crude
2710 Petroleum oils and oils obtained from bituminous minerals, other than crude; preparations not elsewhere specified or included, containing by weight 70 % or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic con
271012 Light oils and preparations
271019 Other
271020 Petroleum oils and oils obtained from bituminous minerals (other than crude) and preparations not elsewhere specified or included, containing by weight 70 % or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the bas
342 Basic inorganic chemicals n.e.c.
2825 Hydrazine and hydroxylamine and their inorganic salts; other inorganic bases; other metal oxides, hydroxides and peroxides.
282590 Other
2841 Salts of oxometallic or peroxometallic acids.
284180 Tungstates (wolframates)
2849 Carbides, whether or not chemically defined.
284920 Of silicon
284990 Other
412 Products of iron or steel
7222 Other bars and rods of stainless steel; angles, shapes and sections of stainless steel.
722240 Angles, shapes and sections
416 Other non-ferrous metals, cerments & articles thereos
8101 Tungsten (wolfram) and articles thereof, including waste and scrap.
810110 Powders
810199 Other
8102 Molybdenum and articles thereof, including waste and scrap.
810210 Powders
810295 Bars and rods, other than those obtained simply by sintering, profiles, plates, sheets, strip and foil
810299 Other
8113 Cermets and articles thereof, including waste and scrap.
811300 Cermets and articles thereof, including waste and scrap.
449 Other special-purpose machinery & parts
8480 Moulding boxes for metal foundry; mould bases; moulding patterns; moulds for metal (other than ingot moulds), metal carbides, glass, mineral materials, rubber or plastics.
848079 Other
476 Disks, tapes & other physical media, recorded
" class="default-popupover-item"> 8523 Discs, tapes, solidstate nonvolatile storage devices, "smart cards" and other media for the recording of sound or of other phenomena, whether or not recorded, including matrices and masters for the production of discs, but excluding products of Chapter
852349 Other

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