CHINA PRESSES ON WITH POLICY OF NATIONAL CHAMPIONS. TOBACCO CONTROL HOWEVER IS STARTING TO CATCH ON
January 1st, 2008
BY MARK GODFREY, in Beijing
LONGYAN Cigarette Factory reflects the kind of good fortune and ambition which characterised China's tobacco industry in 2007. Located in the city of the same name in southeastern Fujian province, the factory's almost US$1 billion revenues for 2007 are a 24.5% increase on figures for the previous year. The state-owned factory, overseen by the State Tobacco Monopoly Administration (STMA), is predicting the figure to rise to US$1.1 billion in 2008.
Longyan's good fortunes are reflective of a wave of consolidation and modernisation ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.