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Global Trade Alert

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China: State Council announces several measures to boost economy, including seven more sectors targeted by USD 241 billion of tax rebates

Description

On 24 May 2022, the Chinese State Council released Guofa 2022/12 (hereafter, 'Announcement'). The announcement contained 33 measures aimed at alleviating the economic stagnation caused by a stringent ...

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Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

24 May 2022

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

sector-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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