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.
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