One in every three cigarettes smoked in the world is smoked in China.  To curb the smoking rate, the government has announced an increase in the consumption tax on cigarettes.
CCTV’s Hu Xiaocen took a look at how the new tax has affected customers and retailers.

Cigarette consumption tax to increase in China

One in every three cigarettes smoked in the world is smoked in China. To curb the smoking rate, the government has announced an increase in the consumption tax on cigarettes. CCTV's Hu Xiaocen took a look at how the new tax has affected customers and retailers.

Price of most sold brand of pack of 20 cigarettes in 20 countries

In U.S. dollars. Source: The International Tobacco Control Policy Evaluation Project, Cross-Country Comparison Report, May 2014

Percent of male quitters who said price “somewhat” or “very much” led to their quit attempt or helped them to stay quit

Source: The International Tobacco Control Policy Evaluation Project, Cross-Country Comparison Report, May 2014

Percent of female quitters who said price “somewhat” or “very much” led to their quit attempt or helped them to stay quit

Source: The International Tobacco Control Policy Evaluation Project, Cross-Country Comparison Report, May 2014

Prof. Hong Liu of Washington Univ. talks the business of smoking

CCTV America’s Michelle Makori interviewed Hong Liu, Professor of Finance at Washington University’s Olin School of Business.

Prof. Hong Liu of Washington Univ. talks the business of smoking

CCTV America's Michelle Makori interviewed Hong Liu, Professor of Finance at Washington University's Olin School of Business.