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 2013 | Removal date: 31 Dec 2013
Still in force

Financial grant

In 2013, the Shezhen-listed company OTIC disclosed in its stock exchange filings the receipt of approximately 64 million USD of government subsidies. This represented a significant decrease in the government subsidies obtained in the prior year (258 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

411 Basic iron & steel
7206 Iron and nonalloy steel in ingots or other primary forms (excluding iron of heading 72.03).
720610 Ingots
7224 Other alloy steel in ingots or other primary forms; semifinished products of other alloy steel.
722410 Ingots and other primary forms
722490 Other
412 Products of iron or steel
7214 Other bars and rods of iron or nonalloy steel, not further worked than forged, hotrolled, hotdrawn or hotextruded, but including those twisted after rolling.
721499 Other
7228 Other bars and rods of other alloy steel; angles, shapes and sections, of other alloy steel; hollow drill bars and rods, of alloy or nonalloy steel.
722810 Bars and rods, of high speed steel
722850 Other bars and rods, not further worked than coldformed or cold finished
722860 Other bars and rods
7304 Tubes, pipes and hollow profiles, seamless, of iron (other than cast iron) or steel.
730419 Other
730441 Colddrawn or coldrolled (coldreduced)
730451 Colddrawn or coldrolled (coldreduced)
7306 Other tubes, pipes and hollow profiles (for example, open seam or welded, riveted or similarly closed), of iron or steel.
730611 Welded, of stainless steel
730619 Other
730629 Other
730630 Other, welded, of circular crosssection, of iron or nonalloy steel
730640 Other, welded, of circular crosssection, of stainless steel
730650 Other, welded, of circular crosssection, of other alloy steel
730661 Of square or rectangular crosssection
730669 Of other noncircular crosssection
730690 Other
7307 Tube or pipe fittings (for example, couplings, elbows, sleeves), of iron or steel.
730799 Other
414 Copper, nickel, aluminium, alumina, lead, zinc & tin, unwrought
2818 Artificial corundum, whether or not chemically defined; aluminium oxide; aluminium hydroxide.
281820 Aluminium oxide, other than artificial corundum
7403 Refined copper and copper alloys, unwrought.
740322 Coppertin base alloys (bronze)
740329 Other copper alloys (other than master alloys of heading 74.05)
7405 Master alloys of copper.
740500 Master alloys of copper.
8001 Unwrought tin.
800110 Tin, not alloyed
415 Unfinished products of copper, nickel, aluminium, lead, zinc or tin
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.
760720 Backed
7905 Zinc plates, sheets, strip and foil.
790500 Zinc plates, sheets, strip and foil.
416 Other non-ferrous metals, cerments & articles thereos
8101 Tungsten (wolfram) and articles thereof, including waste and scrap.
810110 Powders
810199 Other
8105 Cobalt mattes and other intermediate products of cobalt metallurgy; cobalt and articles thereof, including waste and scrap.
810520 Cobalt mattes and other intermediate products of cobalt metallurgy; unwrought cobalt; powders
8108 Titanium and articles thereof, including waste and scrap.
810890 Other
8113 Cermets and articles thereof, including waste and scrap.
811300 Cermets and articles thereof, including waste and scrap.

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