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 2016 | Removal date: 31 Dec 2016

Financial grant

In 2016, the Shangai-listed company SINOCHEM INTERNATIONAL disclosed in its stock exchange filings the receipt of approximately 435 million USD of government subsidies. This represented a significant increase in the government subsidies obtained in the prior year (112 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
2907 Phenols; phenolalcohols.
290721 Resorcinol and its salts
2915 Saturated acyclic monocarboxylic acids and their anhydrides, halides, peroxides and peroxyacids; their halogenated, sulphonated, nitrated or nitrosated derivatives.
291539 Other
2917 Polycarboxylic acids, their anhydrides, halides, peroxides and peroxyacids; their halogenated, sulphonated, nitrated or nitrosated derivatives.
291733 Dinonyl or didecyl orthophthalates
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.
292229 Other
2928 Organic derivatives of hydrazine or of hydroxylamine.
292800 Organic derivatives of hydrazine or of hydroxylamine.
342 Basic inorganic chemicals n.e.c.
2803 Carbon (carbon blacks and other forms of carbon not elsewhere specified or included).
280300 Carbon (carbon blacks and other forms of carbon not elsewhere specified or included).
346 Fertilizers & pesticides
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
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
390120 Polyethylene having a specific gravity of 0.94 or more
390130 Ethylenevinyl acetate copolymers
390190 Other
3902 Polymers of propylene or of other olefins, in primary forms.
390210 Polypropylene
390220 Polyisobutylene
390230 Propylene copolymers
390290 Other
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.
400219 Other
400220 Butadiene rubber (BR)

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