China’s tobacco revenue up steeply last year

China’s tobacco industry generated Yuan1.05 trillion ($169.7 billion) in profits and taxes during 2014, up 10.02 percent year-on-year, according to a story in the Global Times citing data from the State Tobacco Monopoly Administration.

Last year also the industry provided the government with revenues of more than Yuan911.03 billion in profits, taxes and fees, a figure that was increased by 11.63 percent year on year.

In 2013, the industry handed over to the government Yuan816 billion, which accounted for 6.3 percent of the government’s revenue that year.