Transcription of CHINESE GOVERNMENT SUBSIDIES TO THE STAINLESS …
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CHINESE GOVERNMENT SUBSIDIES TO THE STAINLESS …
CHINESE GOVERNMENT SUBSIDIES TO THE STAINLESS STEEL INDUSTRY April 2007 CHINESE GOVERNMENT SUBSIDIES TO THE STAINLESS STEEL INDUSTRY APRIL 2007 I. INTRODUCTION The STAINLESS steel industry in the People s Republic of China ( China ) has undergone explosive growth in recent years, as the GOVERNMENT of China ( GOC ) and foreign investors directed massive amounts of capital into the While the CHINESE GOVERNMENT continues to control through direct and indirect means a significant portion of China s STAINLESS steel industry, joint ventures with foreign partners have become an important part of the industry. As set forth below, the CHINESE GOVERNMENT has implemented various policies at all levels of GOVERNMENT to support the STAINLESS steel industry and its foreign joint venture partners.
CHINESE GOVERNMENT SUBSIDIES TO THE STAINLESS STEEL IND USTRY APRIL 2007 I. INTRODUCTION The stainless steel industry in the People’s Republic of China (“China”) has undergone
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