China Tobacco

Tax Profits Rose by 4.3% in Chinese Tobacco Industry During 2019

Source: China Tobacco
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" Overall, both tax profits and fiscal revenue contribution in the Chinese tobacco industry have skyrocketed to the highest levels ever. "

Beijing – Overall, both tax profits and fiscal revenue contribution in the Chinese tobacco industry have skyrocketed to the highest levels ever. According to the State Tobacco Monopoly Administration (STMA) recently, tax profits of the Chinese tobacco industry increased by 4.3%, to RMB 12.05 trillion, or USD 1.72 trillion. Along with the tax benefit growth, fiscal revenue contribution of the tobacco industry in China improved 17.7%, to RMB 11.77 trillion, or USD 1.68 trillion.

Source: China Tobacco

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Kentucky-based writer and editor focuses on business, finance, and investment in the cannabis industry. Jay made her first foray into the marijuana market through her friends in college, acknowledging medical cannabinoids in the psychotherapeutic area. Although she stayed active constantly during her college years in social activities including feminist movement and climate change, Jay did preserve with interest in marijuana. By exploring the volatility of weed, Jay intends to dig out innovation, technology, and culture in the cannabis landscape.

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