Police have busted a fake cigarette manufacturing and sales network in north China’s Hebei Province and detained 93 suspects, local authorities said Thursday [4 January 2018]. About 17.6 tonnes of tobacco, three machines, and more than 76,000 cartons of counterfeit cigarettes worth 780 million yuan (around 120 million U.S. dollars) were confiscated, according to police
Industry experts say that the main purpose of the much-discussed possible consumption tax overhaul is to adapt to the upgrading of the consumption structure in China. Certain cosmetics and tires that used to be regarded as luxury goods have become everyday items for the public, leading many experts to recommend tax cuts on cheaper cosmetics,
Tanzania is contemplating selling its Tobacco produce to China but cautioned producers over a likely price drop of the traditional crop which constitutes 40 percent of the total export earnings…Full Article: AllAfrica Sept 2016 Key Points Tanzania is holding negotiations with Chinese businesses to export tobacco to Hong Kong. In 2008, northern Tanzania’s Mara Region
China has imported 18.6 million kg of Zimbabwean tobacco leaf so far this year as the Asian giant continues to assert its dominance as the biggest buyer of the country’s leaf, statistics from the industry regulator show. Statistics released to Xinhua Monday by the Tobacco Industry and Marketing Board (TIMB) show that China bought 18.6
The tobacco industry contributed more to China’s state revenue in 2015, official data showed on Friday [15 January 2016]. The sector handed over 1.1 trillion yuan (nearly 170 billion U.S. dollars) to public finance last year, up 20.2 percent from the previous year, the State Tobacco Monopoly Administration (STMA) said. The industry contributed 6.49 percent
Zimbabwe on Monday [16 March 2015] received 5,400 metric tonnes of rice worth more than 8 million US dollars from China to help alleviate food shortages in the country. Speaking at the hand-over ceremony, Public Service, Labor and Social Welfare Minister Prisca Mupfumira thanked China for the donation, saying it was a gesture that shows
Crop was the last agricultural product whose procurement costs were government-regulated. China has announced that procurement prices for tobacco leaves will now be set by supply and demand, in a country where one-third of the world’s cigarettes are consumed but where sales of high-end cigarettes have dropped during the recent corruption crackdown. The National Development
Guangzhou Customs busted a ring smuggling 410 million yuan ($67.12 million) worth of cotton, the largest cotton smuggling case through general trade in the country in recent years. The ring imported more than 24,000 tons of low-grade raw cotton but declared the commodity as waste cotton and paid lower taxes, Cui Qingchao, deputy head of
Chinese cigarette producers made more cigarettes even with fewer tobacco farms in the first half of 2014, according to data from the State Tobacco Monopoly Administration (STMA) released on Monday [28 July 2014]. In the January-June period, cigarette output rose 0.2 percent year-on-year to 25.94 million crates, or 1.3 trillion cigarettes, while the amount of
Armenia is planning to increase exports of cognac, agriculture and tobacco products to China this year, Armenia’s premier Tigran Sargsyan said Friday, at his meeting with the delegation of Chinese communist party central committee headed by Zhou Li…Full Article: ARKA News Agency Feb 2014 Key point From 2012 to 2013, Armenian-Sino trade turnover increased from