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 2010 | Removal date: 31 Dec 2010

Financial grant

In 2010, the Shezhen-listed company SHENHUO disclosed in its stock exchange filings the receipt of approximately 154 million USD of government subsidies. This represented a significant increase in the government subsidies obtained in the prior year (120 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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TABLE
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AFFECTED SECTORS AND PRODUCTS

414 Copper, nickel, aluminium, alumina, lead, zinc & tin, unwrought
7403 Refined copper and copper alloys, unwrought.
740329 Other copper alloys (other than master alloys of heading 74.05)
7405 Master alloys of copper.
740500 Master alloys of copper.
7601 Unwrought aluminium.
760110 Aluminium, not alloyed
760120 Aluminium alloys
415 Unfinished products of copper, nickel, aluminium, lead, zinc or tin
7504 Nickel powders and flakes.
750400 Nickel powders and flakes.
7604 Aluminium bars, rods and profiles.
760421 Hollow profiles
7605 Aluminium wire.
760519 Other
760529 Other
7606 Aluminium plates, sheets and strip, of a thickness exceeding 0.2 mm.
760692 Of aluminium alloys
7607 Aluminium foil (whether or not printed or backed with paper, paperboard, plastics or similar backing materials) of a thickness (excluding any backing) not exceeding 0.2 mm.
760711 Rolled but not further worked
760719 Other
760720 Backed

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