Tobacco sales in China take hit from tax rises and luxury crackdown

Tobacco sales in China take hit from tax rises and luxury crackdown

China’s tobacco industry gasped for life in the first five months of the year, with sales taking big hits from tax increases and Beijing’s war on extravagance. Revenue fell 11.7 per cent year on year from January to May and profits were down 24 per cent,

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June 30, 2016 at 06:24AM