Friday, May 24, 2013   

Mainland tobacco firms pay more taxes
(01-17 12:56)

China's tobacco firms paid 864.9 billion yuan in taxes in 2012, up 15.7 percent year on year, according to new official data.
The industry also handed over 716.6 billion yuan in profits to the government last year, a 19-percent rise from a year earlier, Jiang Chengkang, head of the State Tobacco Monopoly Administration, said at a national work conference on Thursday, Xinhua news agency reports.
Jiang said the tobacco industry is turning greener. Energy consumption per 10,000 yuan of value-added output fell 14.8 percent year on year to 25.3 kg of standard coal in 2012.
The industry's total chemical oxygen demand and sulfur dioxide emissions decreased 3.7 percent and 10.9 percent respectively from a year earlier, the official added.
The Chinese government made a public smoking ban one of its goals in the 2011-2015 period. Some cities have already enacted local legislation on public smoking control.
From 2006 to 2010, the combined taxes and profits created by China's tobacco industry jumped 139 percent to 604.5 billion yuan, with an annual growth rate of about 19 percent.
   
Other Business breaking news:
Argentina lawsuit imperils sovereign debt restructuring (16 mins ago)
Hang Seng opens slightly higher (23 mins ago)
Man U refinances US$290m debt, shaving interest costs (24 mins ago)
NYSE plans spin off of Euronext (44 mins ago)
Nikkei rebounds (1 hr 16 mins ago)
Volatility rocks Europe following Tokyo tumble (05-23 19:31)
Decline in non-EU exports puts Italy recovery in doubt (05-23 18:17)
Eurozone business remains sluggish: survey (05-23 17:49)
Nissan to recall 841,000 cars over steering problem (05-23 17:11)
UK economy grows 0.3pc in first quarter (05-23 17:01)

More breaking news >>

© 2013 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2013, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Statement and Copyright Policy.  Please also read our Ethics Statement.