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

Financial grant

In 2018, the Shangai-listed company DAZZLE FASHION disclosed in its stock exchange filings the receipt of approximately 74 million USD of government subsidies. This represented a significant decrease in the government subsidies obtained in the prior year (118 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

282 Wearing apparel, except fur apparel
6104 Women's or girls' suits, ensembles, jackets, blazers, dresses, skirts, divided skirts, trousers, bib and brace overalls, breeches and shorts (other than swimwear), knitted or crocheted.
610422 Of cotton
610429 Of other textile materials
610431 Of wool or fine animal hair
610432 Of cotton
610433 Of synthetic fibres
610439 Of other textile materials
610441 Of wool or fine animal hair
610442 Of cotton
610443 Of synthetic fibres
610444 Of artificial fibres
610449 Of other textile materials
610453 Of synthetic fibres
610459 Of other textile materials
610461 Of wool or fine animal hair
610462 Of cotton
610463 Of synthetic fibres
610469 Of other textile materials
6108 Women's or girls' slips, petticoats, briefs, panties, nightdresses, pyjamas, negligees, bathrobes, dressing gowns and similar articles, knitted or crocheted.
610821 Of cotton
6109 Tshirts, singlets and other vests, knitted or crocheted.
610910 Of cotton
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
620431 Of wool or fine animal hair
620432 Of cotton
620433 Of synthetic fibres
620439 Of other textile materials
620441 Of wool or fine animal hair
620442 Of cotton
620443 Of synthetic fibres
620444 Of artificial fibres
620449 Of other textile materials
620451 Of wool or fine animal hair
620452 Of cotton
620453 Of synthetic fibres
620459 Of other textile materials
620461 Of wool or fine animal hair
620462 Of cotton
620463 Of synthetic fibres
620469 Of other textile materials
6206 Women's or girls' blouses, shirts and shirtblouses.
620630 Of cotton
6212 Brassieres, girdles, corsets, braces, suspenders, garters and similar articles and parts thereof, whether or not knitted or crocheted.
621230 Corselettes
6214 Shawls, scarves, mufflers, mantillas, veils and the like.
621430 Of synthetic fibres

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