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 2015 | Removal date: 31 Dec 2015

Financial grant

In 2015, the Shangai-listed company JIHUA GROUP disclosed in its stock exchange filings the receipt of approximately 911 million USD of government subsidies. This represented a significant decrease in the government subsidies obtained in the prior year (1001 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

281 Knitted or crocheted fabrics
6001 Pile fabrics, including “long pile” fabrics and terry fabrics, knitted or crocheted.
600121 Of cotton
6006 Other knitted or crocheted fabrics.
282 Wearing apparel, except fur apparel
4203 Articles of apparel and clothing accessories, of leather or of composition leather.
420310 Articles of apparel
420329 Other
420330 Belts and bandoliers
6103 Men's or boys' suits, ensembles, jackets, blazers, trousers, bib and brace overalls, breeches and shorts (other than swimwear), knitted or crocheted.
610323 Of synthetic fibres
610332 Of cotton
6109 Tshirts, singlets and other vests, knitted or crocheted.
610910 Of cotton
610990 Of other textile materials
6110 Jerseys, pullovers, cardigans, waistcoats and similar articles, knitted or crocheted.
611011 Of wool
611012 Of Kashmir (cashmere) goats
611019 Other
611020 Of cotton
611030 Of manmade fibres
611090 Of other textile materials
6111 Babies' garments and clothing accessories, knitted or crocheted.
611120 Of cotton
611130 Of synthetic fibres
6112 Track suits, ski suits and swimwear, knitted or crocheted.
611212 Of synthetic fibres
6114 Other garments, knitted or crocheted.
611490 Of other textile materials
6203 Men's or boys' suits, ensembles, jackets, blazers, trousers, bib and brace overalls, breeches and shorts (other than swimwear).
620322 Of cotton
620323 Of synthetic fibres
620339 Of other textile materials
620342 Of cotton
620349 Of other textile materials
6204 Women's or girls' suits, ensembles, jackets, blazers, dresses, skirts, divided skirts, trousers, bib and brace overalls, breeches and shorts (other than swimwear).
620423 Of synthetic fibres
620462 Of cotton
6205 Men's or boys' shirts.
620520 Of cotton
620530 Of manmade fibres
620590 Of other textile materials
6211 Track suits, ski suits and swimwear; other garments.
621120 Ski suits
621132 Of cotton
621133 Of manmade fibres
621139 Of other textile materials
621142 Of cotton
621143 Of manmade fibres
621149 Of other textile materials
283 Furskins & artificial fur; articles thereof
4303 Articles of apparel, clothing accessories and other articles of furskin.
430310 Articles of apparel and clothing accessories
4304 Artificial fur and articles thereof.
430400 Artificial fur and articles thereof.

Please report this page in case you detect an inaccuracy in its content.