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Global Trade Alert

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China: Bail out of Heilongjiang Longmay Mining Holding Group

Description

On 20 November 2015, the Chinese coal mining company Heilongjian Longmay Holding Group announced it will receive 3.8 billion RMB (ca. 600 million USD) in bailout from the local government. The state-...

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Intervention Details

Intervention Type

Capital injection and equity stakes (including bailouts)

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

20 Nov 2015

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

state-controlled

Affected Trading Partners

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Affected Sectors

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Affected Products

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