Business Brief (July 6): China Moves to Rein In E-Cigarette Overcapacity

E-cigarette industry policy issued

The State Tobacco Monopoly Administration released a policy document for the e-cigarette industry, emphasizing the need to guide the industry to moderately concentrate in regions with existing industrial foundations. 

The policy aims to strictly control new capacity and reasonably manage production scales to prevent overcapacity, while encouraging uncompetitive companies to exit the market in an orderly manner.