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 2015 | Removal date: 31 Dec 2015
Still in force

Financial grant

In 2015, the Shezhen-listed company WINTRUE HOLDING disclosed in its stock exchange filings the receipt of approximately 119 million USD of government subsidies. This represented a significant increase in the government subsidies obtained in the prior year (41 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
2905 Acyclic alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives.
290529 Other
2906 Cyclic alcohols and their halogenated, sulphonated, nitrated or nitrosated derivatives.
290619 Other
2908 Halogenated, sulphonated, nitrated or nitrosated derivatives of phenols or phenolalcohols.
290899 Other
2915 Saturated acyclic monocarboxylic acids and their anhydrides, halides, peroxides and peroxyacids; their halogenated, sulphonated, nitrated or nitrosated derivatives.
291529 Other
2916 Unsaturated acyclic monocarboxylic acids, cyclic monocarboxylic acids, their anhydrides, halides, peroxides and peroxyacids; their halogenated, sulphonated, nitrated or nitrosated derivatives.
291619 Other
2917 Polycarboxylic acids, their anhydrides, halides, peroxides and peroxyacids; their halogenated, sulphonated, nitrated or nitrosated derivatives.
291711 Oxalic acid, its salts and esters
2918 Carboxylic acids with additional oxygen function and their anhydrides, halides, peroxides and peroxyacids; their halogenated, sulphonated, nitrated or nitrosated derivatives.
291813 Salts and esters of tartaric acid
291814 Citric acid
291899 Other
2919 Phosphoric esters and their salts, including lactophosphates; their halogenated, sulphonated, nitrated or nitrosated derivatives.
291990 Other
2921 Aminefunction compounds.
292145 1Naphthylamine (alphanaphthylamine), 2naphthylamine (beta naphthylamine) and their derivatives; salts thereof
292151 o, m, pPhenylenediamine, diaminotoluenes, and their derivatives; salts thereof
2922 Oxygenfunction aminocompounds.
292221 Aminohydroxynaphthalenesulphonic acids and their salts
292249 Other
2928 Organic derivatives of hydrazine or of hydroxylamine.
292800 Organic derivatives of hydrazine or of hydroxylamine.
2930 Organosulphur compounds.
293090 Other
2933 Heterocyclic compounds with nitrogen heteroatom(s) only.
293329 Other
2942 Other organic compounds.
294200 Other organic compounds.
3823 Industrial monocarboxylic fatty acids; acid oils from refining; industrial fatty alcohols.
382311 Stearic acid
342 Basic inorganic chemicals n.e.c.
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)
2828 Hypochlorites; commercial calcium hypochlorite; chlorites; hypobromites.
282890 Other
2833 Sulphates; alums; peroxosulphates (persulphates).
283325 Of copper
283329 Other
283340 Peroxosulphates (persulphates)
2834 Nitrites; nitrates.
283429 Other
2835 Phosphinates (hypophosphites), phosphonates (phosphites) and phosphates; polyphosphates, whether or not chemically defined.
283524 Of potassium
283539 Other
2836 Carbonates; peroxocarbonates (percarbonates); commercial ammonium carbonate containing ammonium carbamate.
283620 Disodium carbonate
283630 Sodium hydrogencarbonate (sodium bicarbonate)
283640 Potassium carbonates
283650 Calcium carbonate
283691 Lithium carbonates
283699 Other
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
320412 Acid dyes, whether or not premetallised, and preparations based thereon; mordant dyes and preparations based thereon
320416 Reactive dyes and preparations based thereon
320417 Pigments and preparations based thereon
3206 Other colouring matter; preparations as specified in Note 3 to this Chapter, other than those of heading 32.03, 32.04 or 32.05; inorganic products of a kind used as luminophores, whether or not chemically defined.
320649 Other
345 Miscellaneous basic chemical products
2503 Sulphur of all kinds, other than sublimed sulphur, precipitated sulphur and colloidal sulphur.
250300 Sulphur of all kinds, other than sublimed sulphur, precipitated sulphur and colloidal sulphur.
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
2834 Nitrites; nitrates.
283421 Of potassium
3101 Animal or vegetable fertilisers, whether or not mixed together or chemically treated; fertilisers produced by the mixing or chemical treatment of animal or vegetable products.
310100 Animal or vegetable fertilisers, whether or not mixed together or chemically treated; fertilisers produced by the mixing or chemical treatment of animal or vegetable products.
3102 Mineral or chemical fertilisers, nitrogenous.
310210 Urea, whether or not in aqueous solution
310260 Double salts and mixtures of calcium nitrate and ammonium nitrate
310290 Other, including mixtures not specified in the foregoing subheadings
3104 Mineral or chemical fertilisers, potassic.
310420 Potassium chloride
310430 Potassium sulphate
310490 Other
3105 Mineral or chemical fertilisers containing two or three of the fertilising elements nitrogen, phosphorus and potassium; other fertilisers; goods of this Chapter in tablets or similar forms or in packages of a gross weight not exceeding 10 kg.
310520 Mineral or chemical fertilisers containing the three fertilising elements nitrogen, phosphorus and potassium
310530 Diammonium hydrogenorthophosphate (diammonium phosphate)
310559 Other
310590 Other
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
380891 Insecticides
380892 Fungicides
380893 Herbicides, antisprouting products and plantgrowth regulators
347 Plastics in primary forms
3904 Polymers of vinyl chloride or of other halogenated olefins, in primary forms.
390422 Plasticised
3905 Polymers of vinyl acetate or of other vinyl esters, in primary forms; other vinyl polymers in primary forms.
390521 In aqueous dispersion
3906 Acrylic polymers in primary forms.
390690 Other
3908 Polyamides in primary forms.
390810 Polyamide6, 11, 12, 6,6, 6,9, 6,10 or 6,12
3909 Aminoresins, phenolic resins and polyurethanes, in primary forms.
390950 Polyurethanes
3912 Cellulose and its chemical derivatives, not elsewhere specified or included, in primary forms.
391231 Carboxymethylcellulose and its salts
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.
400220 Butadiene rubber (BR)
400239 Other

Please report this page in case you detect an inaccuracy in its content.