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 2014 | Removal date: 31 Dec 2014

Financial grant

In 2014, the Shangai-listed company ZHEJIANG YANKON 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 (257 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

462 Electricity distribution & control apparatus; parts
8536 Electrical apparatus for switching or protecting electrical circuits, or for making connections to or in electrical circuits (for example, switches, relays, fuses, surge suppressors, plugs, sockets, lampholders and other connectors, junction boxes), for
853661 Lampholders
465 Electric filament or discharge lamps; lighting equipment; parts
8539 Electric filament or discharge lamps, including sealed beam lamp units and ultraviolet or infrared lamps; arclamps.
853921 Tungsten halogen
853922 Other, of a power not exceeding 200 W and for a voltage exceeding 100 V
853929 Other
853931 Fluorescent, hot cathode
853932 Mercury or sodium vapour lamps; metal halide lamps
853939 Other
853941 Arclamps
853949 Other
853990 Parts
9405 Lamps and lighting fittings including searchlights and spotlights and parts thereof, not elsewhere specified or included; illuminated signs, illuminated nameplates and the like, having a permanently fixed light source, and parts thereof not elsewhere spe
940510 Chandeliers and other electric ceiling or wall lighting fittings, excluding those of a kind used for lighting public open spaces or thoroughfares
940520 Electric table, desk, bedside or floorstanding lamps
940540 Other electric lamps and lighting fittings
940560 Illuminated signs, illuminated nameplates and the like
940599 Other

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