Global Trade Alert
Global Trade Alert

China: Adoption of the central budget for 2024

Announcement

11 Mar 2024

In March 2024, the Chinese National People’s Congress approved the central budget for 2024. The budget contains several trade-related interventions. 

Source

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Number of interventions

8

4 certainly harmful

0 likely harmful

4 liberalising

List of interventions

Implementation date

11 Mar 2024

Revocation date:

31 Dec 2024

Announced: 11 Mar 2024
Financial investment support
On 11 March 2024, the Chinese National People’s Congress approved the central budget for 2024. Among others, the annual budget for the "agricultural industry development funds" scheme was decreased fr...
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Announced: 11 Mar 2024
State loan
On 11 March 2024, the Chinese National People’s Congress approved the central budget for 2024. Among others, the annual budget for the "agricultural industry development funds" scheme was decreased fr...
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Announced: 11 Mar 2024
Financial grant
On 11 March 2024, the Chinese National People’s Congress approved the central budget for 2024. Among others, the annual budget for the "agricultural industry development funds" scheme was decreased fr...
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Implementation date

11 Mar 2024

Revocation date:

31 Dec 2025

End prolongation: 31 Dec 2025
Interest payment subsidy
On 11 March 2024, the Chinese National People’s Congress approved the central budget for 2024. Among others, the annual budget for the Interest Subsidy Funds for Important Material Reserves was decrea...
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Implementation date

11 Mar 2024

Revocation date:

31 Dec 2024

Announced: 11 Mar 2024
Price stabilisation
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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Announced: 11 Mar 2024
Production subsidy
On 11 March 2024, the Chinese National People’s Congress approved the central budget for 2024. Among others, the annual budget for agricultural insurance premium subsidies was increased from CNY 45.91...
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Implementation date

11 Mar 2024

Revocation date:

31 Dec 2025

End prolongation: 31 Dec 2025
State aid, unspecified
On 11 March 2024, the Chinese National People’s Congress approved the central budget for 2024. Among others, the annual budget for the "National Film Industry Development Special Fund" was increased f...
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End prolongation: 31 Dec 2025
State aid, unspecified
On 11 March 2024, the Chinese National People’s Congress approved the central budget for 2024. Among others, the annual budget for the "Tourism Development Fund" was increased from CNY 104 million (US...
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This Thread tracks liberalising trade policy interventions affecting all products. Covering all types of interventions monitored by Global Trade Alert, it highlights how the yearly number of these measures has evolved over time.

Published: 04 Sep 2024

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