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Global Trade Alert

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China: Adoption of the central budget for 2024

Description

On 11 March 2024, the Chinese National People’s Congress approved the central budget for 2024. Among others, the annual budget for grain, oilseed and edible oil reserves was increased from CNY 67.88 b...

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Intervention Details

Intervention Type

Price stabilisation

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

11 Mar 2024

Revocation date

31 Dec 2024

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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