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 2018 | Removal date: 31 Dec 2018
Still in force

Financial grant

In 2018, the Shezhen-listed company HUABAO FLAVOURS & FRAGRANCES disclosed in its stock exchange filings the receipt of approximately 192 million USD of government subsidies. This represented a significant decrease in the government subsidies obtained in the prior year (211 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

342 Basic inorganic chemicals n.e.c.
2804 Hydrogen, rare gases and other nonmetals.
280490 Selenium
2833 Sulphates; alums; peroxosulphates (persulphates).
283311 Disodium sulphate
2836 Carbonates; peroxocarbonates (percarbonates); commercial ammonium carbonate containing ammonium carbamate.
283650 Calcium carbonate
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
320415 Vat dyes (including those usable in that state as pigments) and preparations based thereon
346 Fertilizers & pesticides
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
347 Plastics in primary forms
3906 Acrylic polymers in primary forms.
390610 Poly(methyl methacrylate)
3911 Petroleum resins, coumaroneindene resins, polyterpenes, polysulphides, polysulphones and other products specified in Note 3 to this Chapter, not elsewhere specified or included, in primary forms.
391190 Other

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