Posts Tagged ‘profits’

Smoking All the Profits

Forget the Marlboro man: China is the world’s cigarette king. The mainland produces—and consumes—more tobacco products than any other country in the world. The China National Tobacco Corporation (CNTC), the state-run cash cow that holds an effective monopoly on the industry, is a source of good business for the party: in 2010, Big Tobacco paid 498.85 billion yuan (around $75 billion) in taxes to the Chinese government, according to the State Tobacco Monopoly Administration. More than 300 million Chinese adults smoke—among them more than half of all Chinese men. In 2009, the CNTC says, it produced a whopping 2.3 trillion cigarettes. ... read more >>

Growing interest in tobacco farming

Large groups of farmers in Bangladesh are switching from rice cultivation to tobacco farming, creating concerns about possible food shortages, according to the government and anti-tobacco lobbyists. “Last year, I sold [US$1,969 worth of] tobacco, which is impossible if I grow food items,” said Shofi Mia, a tobacco farmer in Gorpara village, Manikgong District, 70km northwest of the capital, Dhaka. ... read more >>