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Global Trade Alert

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China: Changxin Xinqiao receives CNY 14.56 billion in state aid through state-owned Circuit Industry Investment Fund

Description

On 31 October 2023, several news outlets consistently reported that Chinese semiconductor manufacturer Changxin Xinqiao Memory Technologies Inc. received state aid worth CNY 14.56 billion yuan (approx...

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Intervention Details

Intervention Type

Capital injection and equity stakes (including bailouts)

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

31 Oct 2023

Revocation date

No revocation date

Implementation level

NFI

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Table

Affected Sectors

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Affected Products

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