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China (Fujian Province): Special CNY 5 billion rescue fund for provincial textile, footwear and clothing industries

Description

On 21 October 2022, the Fujian Provincial Department of Finance announced the launch of a CNY 5 billion (USD 690 million) rescue fund to support the province's textile, footwear and clothing industrie...

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Intervention Details

Intervention Type

Capital injection and equity stakes (including bailouts)

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

21 Oct 2022

Revocation date

No revocation date

Implementation level

Subnational

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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