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China Tobacco
China National Tobacco Corporation (commonly known as China Tobacco, abbreviated as CNTC) ( ''Zhōngguó yāncǎo zǒng gōngsī'') is a Chinese state-owned manufacturer of tobacco products. It enjoys a virtual monopoly in China, which accounts for roughly 30% of the world’s total consumption of cigarettes, and is the world's largest manufacturer of tobacco products measured by revenues.
==Organization==
Although a national behemoth with 98% of the domestic market, the organization trickles down locally.〔Martin, Andrew, ("The Chinese Government Is Getting Rich Selling Cigarettes" ), ''Bloomberg Businessweek'', December 11, 2014.〕 China Tobacco contracts out orders to smaller, local factories. In turn these factories fill orders and deliver them for distribution to China Tobacco’s distribution chain. The smaller local factories pay a sort of tax to China Tobacco, but keep much of their profit. In turn, retail distributors buy cigarettes from China Tobacco, and the profits China Tobacco realizes from those sales is in turn taxed by the State Tobacco Monopoly Administration (STMA).
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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