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Global Trade Alert

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China: ADBC provides CNY 1.5 billion to Shache Cotton Industry Co Ltd cotton purchasing operations

Description

In 2023, the Agricultural Development Bank of China (ADBC) disclosed providing a CNY 1.5 billion (approx. USD 211.1 million) state loan to support Xinjiang Cotton Industry Shache Cotton Industry Co Lt...

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Intervention Details

Intervention Type

State loan

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

31 Dec 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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Affected Sectors

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Affected Products

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