IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

Yes

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 Shanghai-listed firm CRSC disclosed in its stock exchange filings the receipt of approximately 194 million USD of government subsidies. This represented a significant increase in the government subsidies obtained in the prior year (170 million USD).

CRSC is a central State-owned Enterprise based in Beijing, Beijing Municipality.

This firm is registered as one of Chinas Strategic Emerging Industries - meaning it is in an industrial sector that the Chinese government has deemed of particular importance to the countrys economic progress.

Specifically, CRSC is recorded as being in the New Generation IT industry - Next Generation Information Network industry.

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

326 Stamps, banknotes, stock certificates, brochures & leaflets
4911 Other printed matter, including printed pictures and photographs.
491199 Other
439 Other general-purpose machinery & parts
8476 Automatic goodsvending machines (for example, postage stamp, cigarette, food or beverage machines), including money changing machines.
847621 Incorporating heating or refrigerating devices
847629 Other
847681 Incorporating heating or refrigerating devices
847689 Other
847690 Parts
449 Other special-purpose machinery & parts
8443 Printing machinery used for printing by means of plates, cylinders and other printing components of heading 84.42; other printers, copying machines and facsimile machines, whether or not combined; parts and accessories thereof.
844332 Other, capable of connecting to an automatic data processing machine or to a network
8479 Machines and mechanical appliances having individual functions, not specified or included elsewhere in this Chapter.
847989 Other
847990 Parts
451 Office & accounting machinery and its accessories
8470 Calculating machines and pocketsize data recording, reproducing and displaying machines with calculating functions; accounting machines, postagefranking machines, ticketissuing machines and similar machines, incorporating a calculating device; cash reg
847050 Cash registers
8472 Other office machines (for example, hectograph or stencil duplicating machines, addressing machines, automatic banknote dispensers, coinsorting machines, coincounting or wrapping machines, pencilsharpening machines, perforating or stapling machines).
847290 Other
8473 Parts and accessories (other than covers, carrying cases and the like) suitable for use solely or principally with machines of headings 84.69 to 84.72.
847321 Of the electronic calculating machines of subheading 8470.10, 8470.21 or 8470.29
847329 Other
847340 Parts and accessories of the machines of heading 84.72
452 Computing machinery & parts
8471 Automatic data processing machines and units thereof; magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data, not elsewhere specified or included.
847130 Portable automatic data processing machines, weighing not more than 10 kg, consisting of at least a central processing unit, a keyboard and a display
847150 Processing units other than those of subheading 8471.41 or 8471.49, whether or not containing in the same housing one or two of the following types of unit : storage units, input units, output units
847160 Input or output units, whether or not containing storage units in the same housing
847190 Other
8473 Parts and accessories (other than covers, carrying cases and the like) suitable for use solely or principally with machines of headings 84.69 to 84.72.
847330 Parts and accessories of the machines of heading 84.71
847350 Parts and accessories equally suitable for use with machines of two or more of the headings 84.69 to 84.72
462 Electricity distribution & control apparatus; parts
8538 Parts suitable for use solely or principally with the apparatus of heading 85.35, 85.36 or 85.37.
853890 Other
469 Other electrical equipment & parts
8543 Electrical machines and apparatus, having individual functions, not specified or included elsewhere in this Chapter.
854370 Other machines and apparatus
854390 Parts
472 Television & radio transmitters; cameras; telephone sets
8517 Telephone sets, including telephones for cellular networks or for other wireless networks; other apparatus for the transmission or reception of voice, images or other data, including apparatus for communication in a wired or wireless network (such as a lo
851712 Telephones for cellular networks or for other wireless networks
473 Broadcast recording apparatus; microphones, loudspeakers, etc.
8528 Monitors and projectors, not incorporating television reception apparatus; reception apparatus for television, whether or not incorporating radiobroadcast receivers or sound or video recording or reproducing apparatus.
852859 Other
474 Parts for the goods of classes 4721 to 4733 & 4822
8517 Telephone sets, including telephones for cellular networks or for other wireless networks; other apparatus for the transmission or reception of voice, images or other data, including apparatus for communication in a wired or wireless network (such as a lo
851770 Parts
475 Disks, tapes, storage devices & other media, not recorded
" class="default-popupover-item"> 8523 Discs, tapes, solidstate nonvolatile storage devices, "smart cards" and other media for the recording of sound or of other phenomena, whether or not recorded, including matrices and masters for the production of discs, but excluding products of Chapter
852341 Unrecorded
476 Disks, tapes & other physical media, recorded
" class="default-popupover-item"> 8523 Discs, tapes, solidstate nonvolatile storage devices, "smart cards" and other media for the recording of sound or of other phenomena, whether or not recorded, including matrices and masters for the production of discs, but excluding products of Chapter
852349 Other
852380 Other
482 Instruments & control equipment, except optical instruments
9027 Instruments and apparatus for physical or chemical analysis (for example, polarimeters, refractometers, spectrometers, gas or smoke analysis apparatus); instruments and apparatus for measuring or checking viscosity, porosity, expansion, surface tension or
902790 Microtomes; parts and accessories

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