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

0 in force

Implementation date

11 Mar 2024

Revocation date:

No revocation date

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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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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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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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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Implementation date

11 Mar 2024

Revocation date:

No revocation date

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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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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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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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 "agricultural industry development funds" scheme was decreased fr...

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