China’s 2.4 Trillion Cigarette Habit Is Actually Progress

Tougher laws have detered smoking
Data: Euromonitor; graphic by Bloomberg Businessweek

China, the world’s largest cigarette market, is to some degree kicking the habit. While figures from Euromonitor International showed 2.4 trillion cigarettes were smoked last year, that marks the second straight annual decline. China has been raising taxes and toughening anti-smoking laws, and Euromonitor expects the numbers to keep dropping -- at an average rate of 2.3 percent annually -- through 2021.

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