China National Tobacco Co.

China National Tobacco Corporation (Chinese: 中国国家烟草公司) is by sales the largest single manufacturer of tobacco products in the world. It boasts a virtual monopoly in the People's Republic of China, which accounts for roughly 30% of the world’s total consumption of cigarettes. 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 1. The China National Tobacco Co. is responsible, under the close...