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Policy: Foreign-funded enterprises cannot sell tobacco

(People's Daily Online)
Updated: 2007-03-26 15:15

The National Development and Reform Commission recently issued a regulation on the administration of monopoly sale licenses of tobacco.

According to the new regulation, foreign-funded enterprises or individual industrial and commercial businesses cannot engage in the wholesaling or retailing of monopolized tobacco products, nor can they conduct their business in the form of a franchise, outlet or other re-investment pattern.

However, supermarkets can still rent counters to businesses who have special licenses to sell cigarettes.


(For more biz stories, please visit Industry Updates)



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