ANNOUNCEMENT 01 Jan 2013

In 2013, the government subsidies received by Chinese listed company YUEDA INV. changed significantly.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

YUEDA INV. financial disclosure statements found in the WIND database (www.wind.com.cn). Last accessed on 25 June 2019.

Inception date: 01 Jan 2013 | Removal date: 31 Dec 2013

Financial grant

In 2013, the Shangai-listed company YUEDA INV. disclosed in its stock exchange filings the receipt of approximately 174 million USD of government subsidies. This represented a significant increase in the government subsidies obtained in the prior year (25 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 SECTORS

 
049 263 264 282 352 355 431 441 476 481 491

AFFECTED PRODUCTS

 
051199 300210 300290 300439 300490 510610 510620 520511 520512 520513 520514 520521 520522 520523 520524 520526 520531 520532 520533 520534 520542 520543 520544 520632 540233 550921 550932 550961 551090 610819 610821 610822 610831 610832 621210 840790 852349 870120 870130 870190 870321 870322 870323 870324 870332 870333 870390 901831
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