Beijing – Overall, both tax profits and fiscal revenue contribution in the Chinese tobacco industry have skyrocketed to the highest levels ever. According to the State Tobacco Monopoly Administration (STMA) recently, tax profits of the Chinese tobacco industry increased by 4.3%, to RMB 12.05 trillion, or USD 1.72 trillion. Along with the tax benefit growth, fiscal revenue contribution of the tobacco industry in China improved 17.7%, to RMB 11.77 trillion, or USD 1.68 trillion.
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