In China tobacco industry brings additional 53.5 billion U.S. dollars
According to a recent publication, China’s tobacco industry brings a profit of 388 billion yuan (53.5 billion U.S. dollars) in taxes and profits last year.
This amount constitutes about 25 percent year-on-year increase, the State Tobacco Monopoly Administration (STMA) announced in a public report.
Tobacco industry taxes and profits make up 8 percentages of the state fiscal revenues. It is expected this percentage to reach five trillion yuan.
China is the world greatest consumer and producer of tobacco. This explains why there are more than 350 million smokers- the world highest percentage.
Underage smoking also rises to dangerous rate, as about 50million of Chinese teens light up.
Tobacco industry will boom with additional 2.2 million annually. In order to avoid this rise, government ought to introduce amendments and restrictions related to tobacco usage and production.
Recently, Chinese tobacco producers reduce tar in its cigarette brands. This is a significant and important beginning in diminishing number of smoking related diseases. In China any kind of tobacco advertising, sponsorships and related promotions will be banned by 2011.
Nowadays, secondary smoke diseases have reached about 540 million Chinese and according to 2007 Report on China’s Smoking Control more than 100,000 die annually from this kind of diseases.
