Background
China National Tobacco Corporation was founded in 1982 and falls under the jurisdiction of the State Tobacco Monopoly Administration or STMA (also started in 1982); this organization is responsible for enforcing the tobacco monopoly in China. While the STMA manages the monopoly, China National Tobacco caters to its customer base of 350 million smokers, who consume 1.7 trillion cigarettes every year. The China National Tobacco Co. is responsible, under the close supervision of the STMA, for marketing, production, distribution, and sales of all tobacco products in China. Organization trickles down; China National Tobacco contracts out orders to smaller, local factories. In turn these factories fill orders and deliver them for distribution to China National Tobacco’s distribution chain. The smaller local factories pay a sort of tax to China National, but keep much of their profit. In turn, retail distributors buy cigarettes from China National, and the profits China National realizes from those sales is in turn taxed by the STMA.
Read more about this topic: China National Tobacco Corp
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