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Notification Pursuant to Article XXV of
the Agreement on Subsidies and Countervailing Measures
I. SUBSIDIES FROM CENTRAL BUDGET PROVIDED TO CERTAIN STATE-OWNED ENTERPRISES WHICH ARE RUNNING AT A LOSS
1. Title of the subsidy program
Subsidies provided to certain State-owned enterprises which are running at a loss.
2. Period covered by the notification
1990-1998.
3. Policy objective and/or purpose of the subsidy
To promote restructuring of those State-owned enterprises which are running at a loss, while keeping employment by means of promoting rationalization and maintaining stable production and safety of the society(compensation for the lack of social security system).
4. Background and authority for the subsidy
Ministry of Finance.
5. Legislation under which it is granted
Assistance by budget.
6. Form of the subsidy
Grant and Tax Forgiving
7. To whom and how the subsidy is provided
Subsidy is provided to severe loss-making State-owned enterprises due to either fixed price of the products they produce or the increasing cost of exploitation of the resources.
8. Subsidy per unit, or in cases where this is not possible, the total amount or the annual amount budgeted for that subsidy
Unit: 100 million RMB
|
Sector/Year |
1990 |
1991 |
1992 |
1993 |
1994 |
1995 |
1996 |
1997 |
1998 |
|
Metallurgic industry |
1.16 |
1.46 |
1.35 |
3.13 |
4.07 |
3.02 |
5.04 |
10.96 |
8.36 |
|
Ferrous-metal industry |
0.63 |
0.86 |
1.28 |
1.51 |
5.80 |
5.86 |
4.78 |
6.58 |
4.65 |
|
Machinery industry |
3.80 |
5.07 |
14.61 |
3.98 |
14.09 |
8.34 |
9.67 |
11.17 |
8.38 |
|
Coal industry |
55.86 |
66.70 |
70.14 |
49.80 |
47.19 |
12.13 |
13.21 |
16.83 |
14.85 |
|
Oil industry |
42.53 |
54.36 |
52.89 |
28.08 |
0.00 |
0.00 |
0.00 |
6.78 |
3.28 |
|
Chemical industry |
3.83 |
4.03 |
3.70 |
4.11 |
6.90 |
3.47 |
4.26 |
5.32 |
4.96 |
|
Textile industry |
1.90 |
2.39 |
2.07 |
3.09 |
2.65 |
3.38 |
6.97 |
16.41 |
15.36 |
|
Light industry |
6.65 |
7.88 |
6.31 |
9.30 |
3.99 |
1.52 |
2.63 |
6.82 |
2.35 |
|
Tobacco industry |
0.00 |
0.00 |
0.00 |
0.00 |
12.00 |
8.62 |
9.26 |
10.25 |
8.83 |
|
Total of the nine sectors |
116.36 |
142.75 |
152.35 |
103.00 |
96.69 |
46.34 |
55.92 |
91.12 |
71.02 |
|
Other sectors |
1.65 |
1.94 |
1.99 |
1.53 |
1.24 |
0.42 |
1.28 |
4.62 |
3.67 |
|
Total |
118.01 |
144.69 |
154.34 |
104.53 |
97.93 |
46.76 |
57.2 |
95.74 |
74.69 |
9. Duration of the subsidy and/or any other time-limits attached to it
1949-2000.
10. Statistical data permitting an assessment of the trade effects of a subsidy
Not available.
II. SUBSIDIES FROM LOCAL BUDGET PROVIDED TO
1. Title of the subsidy program
Subsidies provided to certain State-owned enterprises which are running at a loss.
2. Period covered by the notification
1990-1999.
3. Policy objective and/or purpose of the subsidy
To promote restructuring of those State-owned enterprises which are running at a loss, while keeping employment by means of promoting rationalization and maintaining stable production and safety of the society(compensation for the lack of social security system).
4. Background and authority for the subsidy
Ministry of Finance and local governments.
5. Legislation under which it is granted
Assistance by local budget.
6. Form of the subsidy
Grant and Tax Forgiving
7. To whom and how the subsidy is provided
Subsidy is provided to severe loss-making State-owned enterprises due to either fixed price of the products they produce or the increasing cost of exploitation of the resources and restructuring of state owned enterprises.
8. Subsidy per unit, or in cases where this is not possible, the total amount or the annual amount budgeted for that subsidy
Unit:100 million RMB
|
|
1990 |
1991 |
1992 |
1993 |
1994 |
1995 |
1996 |
1997 |
1998 |
|
|
|
|
|
|
|
57.69 |
59.28 |
63.26 |
63.11 |
|
|
|
|
|
|
|
9.23 |
8.79 |
7.29 |
7.29 |
|
|
|
|
|
|
|
6.84 |
5.89 |
4.76 |
4.91 |
|
|
|
