China regulator orders e-cigarette makers to halt new plants

China's State Tobacco Monopoly Administration issued a notice on Friday aimed at curbing price wars in the e-cigarette industry, directing manufacturers to address overcapacity by suspending investment projects and the building of new production plants.

"The capacity utilisation rate is at a high level," the notice said, while warning e-cigarette makers against trying to skirt the instruction by building new facilities ostensibly for the production of other products that are in fact manufacturing e-cigarettes.

Reuters