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China's Red Hot Tobacco Stock Is Cooling WSJ China is by far the world's largest cigarette consumer, accounting for nearly half of all cigarettes smoked globally. Estimates suggest around 2.4 trillion cigarettes are consumed there every year. Much of the China: Tobacco Market Size and Structure 2017 2021 China consumes nearly half of the world's cigarettes, yet its tobacco market keeps growing. Despite a declining smoker population, cigarette sales in the country have surged by almost 40% over the China produces more cigarettes Business Mapping China's Tobacco Industry and Anti Smoking Campaign Brookings

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