{
China National Tobacco Corporation

Companies

}
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001122334455554433221100

china tobacco expands globally despite declining cigarette sales worldwide

China National Tobacco Corporation, the world's largest cigarette producer, is experiencing significant growth, with domestic sales reaching 2.44 trillion sticks in 2023. Despite global declines in tobacco use, the company has expanded internationally, driven by Beijing's initiatives and a lack of stringent regulations. Its monopoly status and influence over government policy have allowed it to thrive, contributing to 12% of China's tax revenue while facing minimal competition from Western brands.
CNBC
Chinese Yuan China National Tobacco Corporation Philip Morris International Inc. British American Tobacco p.l.c. HKG CHN Evelyn Cheng Gan Quan Sonia Heng Judith Mackay Jennifer Fang Show more
Regulatory & Legal, News Article
00:29 12.11.2024
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