Ling Chengxing, the boss of China’s State Tobacco Monopoly Administration, speaks to Study Times after news that the government plans to further limit indoor smoking and possibly ban cigarette ads. China has 300 million smokers and the tobacco industry contributed $133 billion in taxes last year, almost 10% of the government’s fiscal revenues, reports Reuters.
© ChinTell Ltd. All rights reserved.
Sponsored by HSBC.
The Week in China website and the weekly magazine publications are owned and maintained by ChinTell Limited, Hong Kong. Neither HSBC nor any member of the HSBC group of companies ("HSBC") endorses the contents and/or is involved in selecting, creating or editing the contents of the Week in China website or the Week in China magazine. The views expressed in these publications are solely the views of ChinTell Limited and do not necessarily reflect the views or investment ideas of HSBC. No responsibility will therefore be assumed by HSBC for the contents of these publications or for the errors or omissions therein.