WT/DS519/1  
G/SCM/D113/1  
G/L/1173  
 
17 January 2017  
(17-0301) Page: 1/14 
  Original: English  
 
 CHINA - SUBSIDIES TO PRODUCE RS OF PRIMARY ALUMIN IUM 
REQUEST FOR CONSULTA TIONS BY THE UNITED STATES  
The following communication, dated 12 January 2017, from the delegation of the United States to 
the delegation of China and to the Chairperson of the Dispute  Settlement Body, is circulated in 
accordance with Article  4.4 of the DSU.  
 
_______________  
 
 
My authorities have instructed me to request consultations with the Government of the People 's 
Republic of China ( "China ") pursuant to Articles 1 and 4 of the Understanding on Rules and 
Procedures Governing the Settlement of Disputes ("DSU"), Article XXII:1 of the General 
Agreement on Tariffs  and Trade 1994 ("GATT 1994"), and Articles 7 and 30 of the Agreement on 
Subsidies and  Countervailing Measures ("SCM Agreemen t") (to the extent that Article 30 
incorporates Article XXII of the GATT 1994) with regard to subsidies that China provides to 
Chinese producers of primary aluminum.1 China appears to be causing adverse effects to the 
interests of the United States, includ ing serious prejudice to the interests of the United States, 
through the use of these subsidies.  
 
China has been providing subsidies benefitting Chinese producers of primary aluminum over the 
period 2007 to the present.  These measures include but are not limited to the following:  
 
(1)    China provides loans and other financing to primary aluminum producers through banks 
that are government agencies or entities, public bodies,2 or private bodies.3  China 
provides these loans and other financing through transac tions involving the following 
banks and aluminum producers, among others:  
(a)      China Hongqiao Group Co., Ltd. ( "Hongqiao ") received loans from Agricultural 
Bank of China, Bank of China, China Bohai Bank, China Construction Bank, China 
CITIC Bank, China Gua ngfa Bank, China Merchants Bank, China Minsheng Bank, 
Hengfeng Bank, Industrial and Commercial Bank of China, Ping An Bank, and 
Shanghai Pudong Development Bank.  
(b)      Aluminum Corporation of China Limited ( "Chalco ") received loans from Agricultural 
Bank o f China, Bank of China, Bank of Communications, China Construction Bank, 
China Development Bank, China Everbright Bank, China Merchants Bank, Export -
Import Bank of China, China Guangfa Development Bank, Industrial and 
Commercial Bank of China, and Industri al Bank.  
(c)      Shanghai Shenhuo Aluminum Foil Co. Ltd. ( "Shenhuo ") received loans from 
Agricultural Bank of China, Bank of China, Bank of Communications, Bank of 
Jiangsu, China Bohai Bank, China CITIC Bank, China Construction Bank, China 
Development Bank, C hina Everbright Bank, China Guangfa Bank, China Merchants 
Bank, China Minsheng Bank, Hua Xia Bank, Huayi Bank, Industrial and Commercial 
                                                
1 In this request, "primary aluminum " (also known as electrolytic aluminum) refers to aluminum 
produced through the electrolytic re duction of alumina.  
2 Within the meaning of SCM Agreement Article 1.1(a)(1).  
3 Within the meaning of SCM Agreement Article 1.1(a)(1)(iv).  China entrusts or directs each private 
body, including certain private banks, to provide loans and other financing.  WT/DS519/1 • G/SCM/D113/1 • G/L/1173  
 
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  Bank of China, Industrial Bank, Ping An Bank, Shanghai Pudong Development 
Bank, and Shenzhen Development Bank.  
(d)      Henan Zhongfu  Industrial Co., Ltd. ( "Zhongfu ") received loans from Agricultural 
Bank of China, Bank of China, Bank of Communications, China Bohai Bank, China 
CITIC Bank, China Construction Bank, China Development Bank, China Guangfa 
Bank, China Merchants Ban k, China Minsheng Bank, Hua Xia Bank, Industrial and 
Commercial Bank of China, and Shenzhen Development Bank.  
(e)      State Power Investment Corporation ( "State Power ")4 received loans from 
Agricultural Bank of China, Bank of China, Bank of Communications, Ch ina CITIC 
Bank, China Construction Bank, China Development Bank, China Everbright Bank, 
China Guangfa Bank, China Merchants Bank, China Merchants Bank, China 
Minsheng Bank, Export -Import Bank of China, Industrial and Commercial Bank of 
China, Industrial Ba nk, and Shanghai Pudong Development Bank.  
Loans provide a benefit to each recipient because they are provided to that recipient at interest 
rates below those which the recipient otherwise would have paid on a comparable commercial loan 
which the recipient could actuall y have obtained on the market.  
(2)    China, through producers and resellers of coal,5 provides coal to Hongqiao.  This provision 
of coal provides a benefit to Hongqiao because it is provided to the recipient for less than 
adequate remuneration.  
(3)    China, through Binzhou Gaoxin,6 provides alumina to Hongqiao.  This provision of alumina 
provides a benefit to Hongqiao because it is provided to the recipient for less than 
adequate remuneration.  
(4)    China, through Binzhou Gaoxin,7 provides electricity t o Hongqiao.  This provision of 
electricity provides a benefit to Hongqiao because it is provided to the recipient for less 
than adequate remuneration.8 
The subsidies are specific with the meaning of Articles 2.1(a) and (c) of the SCM Agreement 
because the relevant granting authorities or the legislation pursuant to which the granting 
authorities operate explicitly limit access to the aluminum industry or the industry producing 
electricity, or are specific in fact for reasons including their use by a limited  number of certain 
enterprises, predominant use by certain enterprises, the granting of disproportionately large 
amounts to certain enterprises, or the manner in which the granting authorities have exercised 
their discretion, or are specific within the mea ning of Article 2.2 of the SCM Agreement because 
the subsidies are limited to certain enterprises located within a designated geographical region 
within the jurisdiction of the granting authority . 
 
The United States is concerned that China 's subsidies appe ar to be causing adverse effects to the 
interests of the United States within the meaning of Article 5(c) of the SCM Agreement.  In 
particular, China 's subsidies, operating separately or collectively, appear to be inconsistent with 
the following provisions : 
   
                                                
4 China Power Investment Corporation became State Power Investment Corporation in 2015.  
5 Whether a government agency or entity, a public body within the meaning of SCM Agreement Article 
1.1(a)(1), or a private body within the meaning of SCM Agreement Artic le 1.1(a)(1)(iv).  If a private body, 
China entrusts or directs the private body to provide coal.  
6 Whether a government agency or entity, a public body within the meaning of SCM Agreement Article 
1.1(a)(1), or a private body within the meaning of SCM Agre ement Article 1.1(a)(1)(iv).  If a private body, 
China entrusts or directs the private body to provide alumina.  
7 Whether a government agency or entity, a public body within the meaning of SCM Agreement Article 
1.1(a)(1), or a private body within the meani ng of SCM Agreement Article 1.1(a)(1)(iv).  If a private body, 
China entrusts or directs the private body to provide electricity.  
8 In the alternative, Binzhou Gaoxin foregoes or does not collect revenue that is otherwise due in 
providing electricity to Ho ngqiao.  This foregoing or non -collection of revenue provides a benefit to the 
recipient because the seller does not charge the recipient at the rate it otherwise charges electricity 
purchasers.  WT/DS519/1 • G/SCM/D113/1 • G/L/1173  
 
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  (1)    Article 6.3(a) because the subsidies are causing or threatening to cause serious prejudice 
to the interests of the United States through displacement and impedance of U.S. imports 
of primary aluminum into the Chinese market.  
 
(2)    Article 6.3(b) beca use the subsidies are causing or threatening to cause serious prejudice 
to the interests of the United States through displacement and impedance of U.S. imports 
of primary aluminum into all third country markets.  
 
(3)    Article 6.3(c) because the subsidies a re causing or threatening to cause serious prejudice 
to the interests of the United States through price suppression, price depression, or lost 
sales of primary aluminum in the same market, including the world market, Chinese 
market, and all third country markets.  
 
(4)    Article 6.3(d) because the subsidies are causing or threatening to cause serious prejudice 
to the interests of the United States through an increase in the world market share of 
China of primary aluminum as compared to the average share China had during the 
previous period of three years and this increase follows a consistent trend over a period 
when subsidies have been granted.  
 
The United States also is concerned that the measures appear to be inconsistent with Article XVI:1 
of the GATT 1994.  
 
Attached please find the statement of available evidence, pursuant to Article 7.2  of the 
SCM Agreement.  
 
We look forward to receiving your reply to this request and to fixing a mutually acceptable date for 
consultations.  
 
_______________  
 WT/DS519/1 • G/SCM/D113/1 • G/L/1173  
 
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  Statement of A vailable Evidence  
1. The measures listed in items (1) -(4) above.  
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Department of the Treasury (June 7, 2016).  
6. U.S.-China Joint Fact Sheet on the 26th U.S. -China Joint Commission on Commerce and 
Trade, United States Department of Commerce (December 21, 2015).  
7. U.S. Fact Sheet: 26th U.S. China Joint Commissio n on Commerce and Trade, United States 
Department of Commerce (November 23, 2015).  
8. Opinion on Commercial Banks Improving and Strengthening Financial Services for High 
Technology Enterprises, China Banking Regulatory Commission, Yin Jian Fa [2006] No. 94 
(December 28, 2006).  
9. Non-Ferrous Metals Industry Adjustment and Revitalization Plan, State Council, Guo Fa 
[2009] No. 14 (March 20, 2009).  
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Emissions Reduction and the Eli mination of Outdated Capacity, People 's Bank of China, 
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177.  State Power Inv estment Corporation, 2015 No. 4 Mediu m-term Notes Prospectus 
(August  2015).  
178.  China Power Investment Corporation, 2015 No. 3 Med ium-term Notes Prospectus 
(June  2015).  
179.  China Power Investment Corporation, 2015 No. 2 Me dium-term Notes Prospectus 
(May 2015).  
180.  China Power Investment Corporation, 2015 No. 1 Medium -term Notes Prospectus 
(March 2015).  
181.  China Power Investment Corporation, 2015 Renewable Enterprise Bond Prospectus 
(May 2015).  WT/DS519/1 • G/SCM/D113/1 • G/L/1173  
 
- 11 - 
 
  182.  China Power Investment Corporation, 2014 No. 10 Ultra Short -term Notes Prospect us 
(November 2014).  
183.  China Power Investment Corporation, 2014 No. 9 Ultra Short -term Notes Prospectus 
(October 2014).  
184.  China Power Investment Corporation, 2014 No. 8 Ultra Short -term Notes Prospectus 
(September 2014).  
185.  China Power Investment Corporation, 2014  No. 7 Ultra Short -term Notes Prospectus 
(September 2014).  
186.  China Power Investment Corporation, 2014 No. 6 Ultra Shor t-term Notes Prospectus 
(August  2014).  
187.  China Power Investment Corporation, 2014 No. 5 Ultra Sh ort-term Notes Prospectus 
(June  2014).  
188.  China P ower Investment Corporation, 2014 No. 4 Ultra Short -term Notes Prospectus 
(June  2014).  
189.  China Power Investment Corporation, 2014 No. 3 Ultra Sho rt-term Notes Prospectus 
(April  2014).  
190.  China Power Investment Corporation, 2014 No. 2 Ultra Sho rt-term Notes Pros pectus 
(April  2014).  
191.  China Power Investment Corporation, 2014 No. 1 Ultra Sho rt-term Notes Prospectus 
(March  2014).  
192.  China Power Investment Corporation, 2014 No. 2 Shor t-term Notes Prospectus 
(August  2014).  
193.  China Power Investment Corporation, 2014 No. 1 Sho rt-term Notes Prospectus (April 2014).  
194.  China Power Investment Corporation, 2014 No. 2 Mediu m-term Notes Prospectus 
(August  2014).  
195.  China Power Investment Corporation, 2014 No. 1 Medi um-term Notes Prospectus 
(April  2014).  
196.  China Power Investment Corporation, 2014 No. 2 Enterprise Bond Prospectus (September 
2014).  
197.  China Power Investment Corporation, 2014 No. 1 Enterprise Bond Prospectus (April 2014).  
198.  China Power Investment Corporation, 2013 No. 9 Ultra Short -term Notes Prospectus 
(November 2013).  
199.  China Power In vestment Corporation, 2013 No. 8 Ultra Short -term Notes Prospectus 
(November 2013).  
200.  China Power Investment Corporation, 2013 No. 7 Ultra Short -term Notes Prospectus 
(September 2013).  
201.  China Power Investment Corporation, 2013 No. 6 Ultra Shor t-term Notes Pro spectus 
(August  2013).  
202.  China Power Investment Corporation, 2013 No. 5 Ultra Sh ort-term Notes Prospectus 
(July 2013).  
203.  China Power Investment Corporation, 2013 No. 4 Ultra Sh ort-term Notes Prospectus 
(June  2013).  
204.  China Power Investment Corporation, 2013 No. 3 Ultra S hort-term Notes Prospectus 
(May 2013).  
205.  China Power Investment Corporation, 2013 No. 2 Ultra Sho rt-term Notes Prospectus 
(April  2013).  
206.  China Power Investment Corporation, 2013 No. 1 Ultra Short -term Notes Prospectus 
(February 2013).  WT/DS519/1 • G/SCM/D113/1 • G/L/1173  
 
- 12 - 
 
  207.  China Power Inv estment Corporation, 2013 No. 3 Short -term Notes Prospectus 
(September  2013).  
208.  China Power Investment Corporation, 2013 No. 2 Short -term Notes Prospectus (April 2013).  
209.  China Power Investment Corporation, 2013 No. 1 Sho rt-term Notes Prospectus 
(March  2013).  
210.  China Power Investment Corporation, 2013 No. 3 Medium -term Notes Prospectus 
(September 2013).  
211.  China Power Investment Corporation, 2013 No. 2 Medium -term Notes Prospectus 
(February  2013).  
212.  China Power Investment Corporation, 2013 No. 1 Medium -term Notes Pros pectus 
(February  2013).  
213.  China Power Investment Corporation, 2013 Enterprise Bond Prospectus (July 2013).  
214.  China Power Investment Corporation, 2012 No. 7 Ultra Short -term Notes Prospectus 
(October 2012).  
215.  China Power Investment Corporation, 2012 No. 6 Ultra S hort-term Notes Prospectus 
(October 2012).  
216.  China Power Investment Corporation, 2012 No. 5 Ultra Short -term Notes Prospectus 
(September 2012).  
217.  China Power Investment Corporation, 2012 No. 4 Ultra Short -term Notes Prospectus 
(September 2012).  
218.  China Power Inv estment Corporation, 2012 No. 3 Ultra Short -term Notes Prospectus 
(June  2012).  
219.  China Power Investment Corporation, 2012 No. 2 Ultra S hort-term Notes Prospectus 
(May 2012).  
220.  China Power Investment Corporation, 2012 No. 1 Ultra Sho rt-term Notes Prospectus 
(April 2012).  
221.  China Power Investment Corporation, 2012 No. 1 Short -term Notes Prospectus 
(February  2012).  
222.  China Power Investment Corporation, 2011 No. 5 Short -term Notes Prospectus 
(October  2011).  
223.  China Power Investment Corporation, 2011 No. 4 Short -term Note s Prospectus 
(September  2011).  
224.  China Power Investment Corporation, 2011 No. 3 Short -term Notes Prospectus (June 2011).  
225.  China Power Investment Corporation, 2011 No. 2 Short -term Notes Prospectus (June 2011).  
226.  China Power Investment Corporation, 2011 No. 1 Sh ort-term Notes Prospectus 
(March  2011).  
227.  China Power Investment Corporation, 2011 No. 1 Med ium-term Notes Prospectus 
(June  2011).  
228.  China Power Investment Corporation, 2010 No. 2 Short -term Notes Prospectus 
(November  2010).  
229.  China Power Investment Corporation,  2010 No. 1 Short -term Notes Prospectus (May 2010).  
230.  China Power Investment Corporation, 2009 No. 1 Short -term Notes Prospectus 
(October  2009).  
231.  China Power Investment Corporation, 2009 No. 2 Mediu m-term Notes Prospectus 
(August  2009).  
232.  China Power Investment  Corporation, 2009 No. 1 Medium -term Notes Prospectus 
(December  2008).  WT/DS519/1 • G/SCM/D113/1 • G/L/1173  
 
- 13 - 
 
  233.  China Power Investment Corporation, 2008 No. 2 Me dium-term Notes Prospectus 
(May 2008).  
234.  China Power Investment Corporation, 2008 No. 1 Medi um-term Notes Prospectus 
(April  2008).  
235.  China P ower Investment Corporation, 2007 No. 3 Short -term Notes Prospectus (May 2007).  
236.  China Power Investment Corporation, 2007 No. 2 Short -term Notes Prospectus (April 2007).  
237.  China Power Investment Corporation, 2007 No. 1 Short -term Notes Prospectus (February 
2007). 
238.  China Power Investment Corporation, 2006 No. 2 Short -term Notes Issuance Announcement 
(March 2006).  
239.  China Power Investment Corporation, 2005 No. 1 Short -term Notes Issuance Announcement 
(October 2005).  
240.  China Power Investment Corporation, 2005 Enterpri se Bond Prospectus (April 2005).  
241.  Henan Shenhuo Group Co. Ltd., 2015 Annual Report.  
242.  Henan Shenhuo Group Co. Ltd., 2014 Annual Report.  
243.  Henan Shenhuo Group Co. Ltd., 2013 Annual Report.  
244.  Henan Shenhuo Group Co. Ltd., 2012 Consolidated Financial Statements and Audit Report.  
245.  Henan Shenhuo Group Co. Ltd., 2011 Consolidated Financial Statements and Audit Report.  
246.  Henan Shenhuo Group Co. Ltd., 2010 Consolidated Financial Statements and Audit Report.  
247.  Henan Shenhuo Group Co. Ltd., 2009 Consolidated Financial Statements  and Audit Report.  
248.  Henan Shenhuo Group Co. Ltd., 2008 Financial Statements and Audit Report.  
249.  Henan Shenhuo Group Co. Ltd., 2007 Audit Report and Consolidated Financial Statements.  
250.  Henan Shenhuo Group Co. Ltd., 2004 -2006 Audit Report and Accounting Statemen ts. 
251.  Henan Shenhuo Group Co. Ltd., 2015 No. 2 Short -term Notes Prospectus (July 2015).  
252.  Henan Shenhuo Group Co. Ltd., 2015 No. 1 Short -term Notes Prospectus (August 2014).  
253.  Henan Shenhuo Group Co. Ltd., 2013 No. 1 Short -term Notes Prospectus (April 2013).  
254.  Henan Shenhuo Group Co. Ltd., 2011 No. 1 Short -term Notes Prospectus (May 2011).  
255.  Henan Shenhuo Group Co. Ltd., 2010 No. 1 Short -term Notes Prospectus (January 2010).  
256.  Henan Shenhuo Group Co. Ltd., 2010 No. 1 Medium -term Notes Prospectus 
(September  2010).  
257.  Henan  Shenhuo Group Co. Ltd., 2009 No. 1 Short -term Notes Prospectus 
(September  2009).  
258.  Henan Shenhuo Group Co. Ltd., 2008 No. 2 Short -term Notes Prospectus (October 2008).  
259.  Henan Shenhuo Group Co. Ltd., 2008 No. 1 Short -term Notes Prospectus (May 2008).  
260.  Henan Zh ongfu Industrial Co. Ltd., 2015 Annual Report.  
261.  Henan Zhongfu Industrial Co. Ltd., 2014 Annual Report.  
262.  Henan Zhongfu Industrial Co. Ltd., 2013 Annual Report.  
263.  Henan Zhongfu Industrial Co. Ltd., 2012 Annual Report.  
264.  Henan Zhongfu Industrial Co. Ltd., 2011 Annu al Report.  
265.  Henan Zhongfu Industrial Co. Ltd., 2010 Annual Report.  
266.  Henan Zhongfu Industrial Co. Ltd., 2009 Annual Report.  
267.  Henan Zhongfu Industrial Co. Ltd., 2008 Annual Report.  WT/DS519/1 • G/SCM/D113/1 • G/L/1173  
 
- 14 - 
 
  268.  Henan Zhongfu Industrial Co. Ltd., Public Offering 2012 Co rporate Bond Prospectu s 
(August  2012).  
269.  Henan Zhongfu Industrial Co. Ltd., Public Offering 2011 Co rporate Bond Prospectus 
(August  2011).  
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