china tobacco revenue 2FIRSTS The world's biggest tobacco company
The world's biggest tobacco company is not the one most people can name. It is not Philip Morris. Not British American Tobacco. Not Japan Tobacco. It is China National Tobacco Corporation, a China's cigarette consumption is so massive that the numbers are almost unbelievable. The country reportedly smokes around 2.4 trillion cigarettes every year, accounting for roughly 43% to 46% of all cigarettes consumed Beijing last raised the consumption tax rate on cigarettes from to 11 per cent in 2015, but public health experts said it had not done enough to offset those costs. Lighting up: The biggest tobacco producer and consumer China South China Morning Post
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