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 2017 | Removal date: 31 Dec 2017
Still in force

Financial grant

In 2017, the Shezhen-listed company GW disclosed in its stock exchange filings the receipt of approximately 48 million USD of government subsidies. This represented a significant decrease in the government subsidies obtained in the prior year (110 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

354 Chemical products n.e.c.
3506 Prepared glues and other prepared adhesives, not elsewhere specified or included; products suitable for use as glues or adhesives, put up for retail sale as glues or adhesives, not exceeding a net weight of 1 kg.
350691 Adhesives based on polymers of headings 39.01 to 39.13 or on rubber
3802 Activated carbon; activated natural mineral products; animal black, including spent animal black.
380210 Activated carbon
355 Man-made fibres
5402 Synthetic filament yarn (other than sewing thread), not put up for retail sale, including synthetic monofilament of less than 67 decitex.
540244 Elastomeric
5503 Synthetic staple fibres, not carded, combed or otherwise processed for spinning.
550320 Of polyesters

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