China National Tobacco
| China National Tobacco Corp. | |
|---|---|
| legal form | Centrally managed company |
| founding | 1982 |
| Seat |
Qufu , Shandong , People's Republic of China
|
| management | Ling Chengxing |
| sales | $ 170 billion (2012) |
| Branch | tobacco |
| Website | www.tobacco.gov.cn |
The China National Tobacco Corporation ( Chinese中国 烟草 总公司, Pinyin Zhōngguó yāncǎo zǒng gōngsī) is the state-owned Chinese cigarette manufacturer with headquarters in Qufu , Shandong .
history
The China National Tobacco Corporation (CNTC) was founded in Beijing in 1982 to counteract deregulation in cigarette production. In the early years, the company received support from the US Department of Agriculture . In September 1983, the Chinese government issued a regulation on the tobacco monopoly and in January 1984 established a State Tobacco Monopoly Management (STMA) based on the CNTC.
With the Law on the Tobacco Monopoly of June 1991, the state systematically and exclusively organizes the production and marketing of tobacco products and administers the licensing system in the People's Republic of China.
In 2013, China National Tobacco opened a Raleigh, North Carolina office to facilitate its American tobacco purchases. At the time it was producing about 2.5 trillion cigarettes. That was 43% of global production.
Companies
China National Tobacco is by far the largest cigarette manufacturer in the world and, as a state-owned company, is a monopoly in China. The group of companies includes 33 trading companies and 17 manufacturing companies such as Jiangxi Industrial . More than 160 brands of cigarettes are produced in around 100 factories in China. Including Pagoda Mountain and Double Happiness .
Individual evidence
- ↑ a b c d Andrew Martin: The Chinese Government Is Getting Rich Selling Cigarettes. Bloomberg LP , December 12, 2014, accessed January 19, 2017 .
- ↑ a b Allen Liao: China's STMA and the Tobacco Monopoly. In: Tobacco Asia. July 1, 2015, accessed January 19, 2017 .