18 January 2019

Tobacco sector contribution to govt coffers up 14%, Xinhua says

China’s tobacco industry handed over 816 billion yuan in profits and taxes to the government last year, representing an increase of 13.9 percent from 2012, Xinhua news agency reported Thursday, citing Ling Chengxing, head of the State Tobacco Monopoly Administration. Total revenues of tobacco farmers last year reached 62.3 billion yuan, up 6 percent year on year, the report said. 

– Contact HKEJ [email protected]



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