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    Tobacco puts 14-pct more in China's coffers

    2014-01-17 08:37 Web Editor: qindexing
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    China's tobacco industry generated almost 956 billion yuan (157 billion U.S. dollars) in taxes and profits in 2013, up 10.5 percent year-on-year, an official said on Thursday.

    The industry handed over 816 billion yuan in profits and taxes to the government last year, representing a 13.9-percent rise from one year earlier, Ling Chengxing, head of the State Tobacco Monopoly Administration, said at a national work conference.

    Total revenues of tobacco farmers last year reached 62.3 billion yuan, up 6 percent year on year, according to the agency's data.

    The Chinese government has made a public smoking ban one of its goals for the 2011-2015 period. Some cities have already enacted legislation on smoking in public places.

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