China’s tobacco industry increases its government contributions in 2012

| January 18, 2013

Tax payments by China’s tobacco companies last year, at Yuan864.9 billion (US$137.7 billion), were up by 15.7 per cent on those of 2011, according to a Xinhua Newswire story.

In addition the industry provided the government with profits, which, at Yuan716.6 billion (US$114.1), were increased by 19 per cent on those of 2011.

In announcing these figures at a national work conference, Jiang Chengkang, head of the State Tobacco Monopoly Administration, said too that the tobacco industry was turning greener.

Energy consumption per Yuan10,000 of value-added output fell by 14.8 per cent year on year to 25.3 kg of standard coal in 2012.

And the industry’s total chemical oxygen demand and sulfur dioxide emissions decreased by 3.7 per cent and 10.9 per cent respectively.

Category: Breaking News

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