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 YBTY disclosed in its stock exchange filings the receipt of approximately 65 million USD of government subsidies. This represented a significant decrease in the government subsidies obtained in the prior year (417 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

341 Basic organic chemicals
2901 Acyclic hydrocarbons.
290110 Saturated
2912 Aldehydes, whether or not with other oxygen function; cyclic polymers of aldehydes; paraformaldehyde.
291241 Vanillin (4hydroxy3methoxybenzaldehyde)
2916 Unsaturated acyclic monocarboxylic acids, cyclic monocarboxylic acids, their anhydrides, halides, peroxides and peroxyacids; their halogenated, sulphonated, nitrated or nitrosated derivatives.
291612 Esters of acrylic acid
2917 Polycarboxylic acids, their anhydrides, halides, peroxides and peroxyacids; their halogenated, sulphonated, nitrated or nitrosated derivatives.
291719 Other
2922 Oxygenfunction aminocompounds.
292249 Other
2927 Diazo, azo or azoxycompounds.
292700 Diazo, azo or azoxycompounds.
2928 Organic derivatives of hydrazine or of hydroxylamine.
292800 Organic derivatives of hydrazine or of hydroxylamine.
2932 Heterocyclic compounds with oxygen heteroatom(s) only.
293213 Furfuryl alcohol and tetrahydrofurfuryl alcohol
293299 Other
2942 Other organic compounds.
294200 Other organic compounds.
3823 Industrial monocarboxylic fatty acids; acid oils from refining; industrial fatty alcohols.
382312 Oleic acid
342 Basic inorganic chemicals n.e.c.
2801 Fluorine, chlorine, bromine and iodine.
280110 Chlorine
280120 Iodine
280130 Fluorine; bromine
2804 Hydrogen, rare gases and other nonmetals.
280429 Other
2806 Hydrogen chloride (hydrochloric acid); chlorosulphuric acid.
280610 Hydrogen chloride (hydrochloric acid)
2815 Sodium hydroxide (caustic soda); potassium hydroxide (caustic potash); peroxides of sodium or potassium.
281511 Solid
281520 Potassium hydroxide (caustic potash)
2825 Hydrazine and hydroxylamine and their inorganic salts; other inorganic bases; other metal oxides, hydroxides and peroxides.
282510 Hydrazine and hydroxylamine and their inorganic salts
282540 Nickel oxides and hydroxides
282550 Copper oxides and hydroxides
282560 Germanium oxides and zirconium dioxide
282570 Molybdenum oxides and hydroxides
282580 Antimony oxides
282590 Other
2827 Chlorides, chloride oxides and chloride hydroxides; bromides and bromide oxides; iodides and iodide oxides.
282720 Calcium chloride
282735 Of nickel
2835 Phosphinates (hypophosphites), phosphonates (phosphites) and phosphates; polyphosphates, whether or not chemically defined.
283510 Phosphinates (hypophosphites) and phosphonates (phosphites)
283524 Of potassium
283526 Other phosphates of calcium
283529 Other
283531 Sodium triphosphate (sodium tripolyphosphate)
283539 Other
2839 Silicates; commercial alkali metal silicates.
283911 Sodium metasilicates
2841 Salts of oxometallic or peroxometallic acids.
284130 Sodium dichromate
2850 Hydrides, nitrides, azides, silicides and borides, whether or not chemically defined, other than compounds which are also carbides of heading 28.49.
285000 Hydrides, nitrides, azides, silicides and borides, whether or not chemically defined, other than compounds which are also carbides of heading 28.49.
343 Tanning or dyeing extracts; tannins; colouring matter n.e.c.
3204 Synthetic organic colouring matter, whether or not chemically defined; preparations as specified in Note 3 to this Chapter based on synthetic organic colouring matter; synthetic organic products of a kind used as fluorescent brightening agents or as lumin
320411 Disperse dyes and preparations based thereon
320412 Acid dyes, whether or not premetallised, and preparations based thereon; mordant dyes and preparations based thereon
320413 Basic dyes and preparations based thereon
320414 Direct dyes and preparations based thereon
320416 Reactive dyes and preparations based thereon
320417 Pigments and preparations based thereon
320420 Synthetic organic products of a kind used as fluorescent brightening agents
344 Activated natural mineral products incl. acids, oils and tar
3806 Rosin and resin acids, and derivatives thereof; rosin spirit and rosin oils; run gums.
380610 Rosin and resin acids
345 Miscellaneous basic chemical products
2707 Oils and other products of the distillation of high temperature coal tar; similar products in which the weight of the aromatic constituents exceeds that of the nonaromatic constituents.
270799 Other
346 Fertilizers & pesticides
2814 Ammonia, anhydrous or in aqueous solution.
281420 Ammonia in aqueous solution
3104 Mineral or chemical fertilisers, potassic.
310420 Potassium chloride
3808 Insecticides, rodenticides, fungicides, herbicides, antisprouting products and plantgrowth regulators, disinfectants and similar products, put up in forms or packings for retail sale or as preparations or articles (for example, sulphurtreated bands, wi
380894 Disinfectants
347 Plastics in primary forms
3901 Polymers of ethylene, in primary forms.
390110 Polyethylene having a specific gravity of less than 0.94
3904 Polymers of vinyl chloride or of other halogenated olefins, in primary forms.
390410 Poly(vinyl chloride), not mixed with any other substances
390421 Nonplasticised
390422 Plasticised
390430 Vinyl chloridevinyl acetate copolymers
390440 Other vinyl chloride copolymers
390450 Vinylidene chloride polymers
390461 Polytetrafluoroethylene
390469 Other
390490 Other
3905 Polymers of vinyl acetate or of other vinyl esters, in primary forms; other vinyl polymers in primary forms.
390530 Poly(vinyl alcohol), whether or not containing unhydrolysed acetate groups
3907 Polyacetals, other polyethers and epoxide resins, in primary forms; polycarbonates, alkyd resins, polyallyl esters and other polyesters, in primary forms.
390720 Other polyethers
3912 Cellulose and its chemical derivatives, not elsewhere specified or included, in primary forms.
391239 Other
3914 Ionexchangers based on polymers of headings 39.01 to 39.13, in primary forms.
391400 Ionexchangers based on polymers of headings 39.01 to 39.13, in primary forms.
348 Synthetic rubber & mixtures thereof in primary forms
4002 Synthetic rubber and factice derived from oils, in primary forms or in plates, sheets or strip; mixtures of any product of heading 40.01 with any product of this heading, in primary forms or in plates, sheets or strip.
400231 Isobuteneisoprene (butyl) rubber (IIR)

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