Profits boost as Chinese smoke more cigarettes
Source: Xinhua |
July 19, 2012, Thursday
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Print Edition
Print Edition
CHINESE people smoked more cigarettes in the first half of this year, helping the tobacco industry's profits climb rapidly despite the current economic slowdown, according to State Tobacco Monopoly Administration data released yesterday.
Tobacco sales in the first six months rose 2.81 percent from a year ago to 1.31 trillion cigarettes, while output also topped 1.3 trillion cigarettes, making China the world's largest tobacco producer and consumer, the administration said.
Tobacco sales in the first six months rose 2.81 percent from a year ago to 1.31 trillion cigarettes, while output also topped 1.3 trillion cigarettes, making China the world's largest tobacco producer and consumer, the administration said.
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