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 2014 | Removal date: 31 Dec 2014

Financial grant

In 2014, the Shangai-listed company CITIC HIC disclosed in its stock exchange filings the receipt of approximately 155 million USD of government subsidies. This represented a significant decrease in the government subsidies obtained in the prior year (240 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

441 Agricultural or forestry machinery & parts
8437 Machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables; machinery used in the milling industry or for the working of cereals or dried leguminous vegetables, other than farmtype machinery.
843710 Machines for cleaning, sorting or grading seed, grain or dried leguminous vegetables
442 Machine-tools & parts
8464 Machinetools for working stone, ceramics, concrete, asbestos cement or like mineral materials or for cold working glass.
846490 Other
8465 Machinetools (including machines for nailing, stapling, glueing or otherwise assembling) for working wood, cork, bone, hard rubber, hard plastics or similar hard materials.
846596 Splitting, slicing or paring machines
8467 Tools for working in the hand, pneumatic, hydraulic or with selfcontained electric or nonelectric motor.
846719 Other
443 Machinery for metallurgy & parts
8454 Converters, ladles, ingot moulds and casting machines, of a kind used in metallurgy or in metal foundries.
845410 Converters
845430 Casting machines
845490 Parts
8455 Metalrolling mills and rolls therefor.
845590 Other parts
444 Machinery for mining, quarrying & construction; parts
8430 Other moving, grading, levelling, scraping, excavating, tamping, compacting, extracting or boring machinery, for earth, minerals or ores; piledrivers and pileextractors; snowploughs and snow blowers.
843050 Other machinery, selfpropelled
8431 Parts suitable for use solely or principally with the machinery of headings 84.25 to 84.30.
843143 Parts for boring or sinking machinery of subheading 8430.41 or 8430.49
843149 Other
8474 Machinery for sorting, screening, separating, washing, crushing, grinding, mixing or kneading earth, stone, ores or other mineral substances, in solid (including powder or paste) form; machinery for agglomerating, shaping or moulding solid mineral fuels,
847410 Sorting, screening, separating or washing machines
847490 Parts
8479 Machines and mechanical appliances having individual functions, not specified or included elsewhere in this Chapter.
847910 Machinery for public works, building or the like
448 Domestic appliances & parts
8403 Central heating boilers other than those of heading 84.02.
840310 Boilers
449 Other special-purpose machinery & parts
8442 Machinery, apparatus and equipment (other than the machine tools of headings 84.56 to 84.65) for preparing or making plates, cylinders or other printing components; plates, cylinders and other printing components; plates, cylinders and lithographic stone
844240 Parts of the foregoing machinery, apparatus or equipment
8477 Machinery for working rubber or plastics or for the manufacture of products from these materials, not specified or included elsewhere in this Chapter.
847751 For moulding or retreading pneumatic tyres or for moulding or otherwise forming inner tubes
847780 Other machinery
8479 Machines and mechanical appliances having individual functions, not specified or included elsewhere in this Chapter.
847981 For treating metal, including electric wire coilwinders
847990 Parts
8480 Moulding boxes for metal foundry; mould bases; moulding patterns; moulds for metal (other than ingot moulds), metal carbides, glass, mineral materials, rubber or plastics.
848071 Injection or compression types

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