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Top related persons:
Euromonitor - 1 hasn't - 1 Philip Morris - 1 Gan Quan - 1 Quan - 1 STMA - 1 Judith Mackay - 1
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Shanghai China Euromonitor Beijing Hong Kong
Top related orgs:
Getty - 1 China National Tobacco Corporation - 1 China Tobacco - 1 Retail - 1 World Health Organization - 1 State Tobacco Monopoly Administration - 1 Philip Morris International - 1 World - 1

Search resuls for: "STMA"


2 mentions found


☆ China's state-owned tobacco behemoth is booming, defying global trends and anti-smoking efforts
  + stars: | 2024-11-12 | by ( Dylan Butts | ) www.cnbc.com   time to read: +4 min
These trends — fueled by China Tobacco — come against the backdrop of a long-term decline in cigarette sales globally. While Beijing has made commitments to curb smoking prevalence, it hasn't appeared to have materially impacted tobacco sales. In the case of China Tobacco, industry and government policy directly overlap. "China Tobacco has been exploiting this insider status and wielding its influence within the government to effectively block the adoption of tobacco control policies," he added. China Tobacco and its Hong Kong-based subsidiary China Tobacco International (HK) did not respond to an inquiry from CNBC.
Persons: Euromonitor, hasn't, Philip Morris, Gan Quan, Quan, STMA, Judith Mackay Organizations: Getty, China National Tobacco Corporation, China Tobacco, Retail, World Health Organization, State Tobacco Monopoly Administration, Philip Morris International, World, Tobacco Control, CNBC, Vital, Tobacco, Bath University, Asian Consultancy, China Tobacco International, HK, Global Locations: Shanghai, China, Euromonitor, Beijing, Hong Kong
☆ China to impose consumption tax on e-cigarettes from November
  + stars: | 2022-10-25 | by ( ) www.reuters.com   time to read: +2 min
SHANGHAI, Oct 25 (Reuters) - China's Ministry of Finance will impose a consumption tax on e-cigarettes from Nov. 1, according to a notice published on Tuesday. A tax rate of 36% will be placed on the production or import of e-cigarettes, while an 11% tax will be placed on the wholesale distribution of e-cigarettes. The taxation policy will further entrench China's once-scattered e-cigarette industry into the state-backed tobacco monopoly, a major generator of tax revenue. Tobacco products remain a major revenue generator for Beijing, with cigarette sales generating roughly 5% of the central government's tax revenue each year. China Tobacco, STMA's commercial arm, is a shareholder in China's state-backed investment fund for the chip industry.
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