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Glass pipes china, whose cheese did you touch?

by linbin on May 15, 2020

  The popularity of glass pipes china can be said to be caught off guard, like a mobile phone suddenly breaking into our life. Born in China, it was not until after gold plating in Europe and the United States that it swept across China.

  According to the World Tobacco Development Report 2017, the global glass pipes china market is 12 billion US dollars. Assuming the future permeability of glass pipes china reaches 10%, the corresponding market size will reach 100 billion US dollars.

  Tobacco is a good business, and tobacco tax is a big fat.

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  China's tobacco market is one billion US dollars. The huge tobacco consumption market has brought the government a wealth of tax revenue. In 2018, the tobacco industry realized 1% tax and profit. 1556 trillion yuan, an increase of 3. 69% over the same period last year, and the country's total fiscal revenue was 1 trillion yuan, an increase of 3%. Up 37% from the same period last year to 78.7%. Industrial added value was 7 billion yuan, up 4%. Up 8.8% over the same period last year. A simple calculation shows that in 2017 China Tobacco realized total taxes and profits =BAT+ ICBC+CCB+Agricultural Bank.

  On December 31, 2018, China Tobacco International (Hong Kong), a subsidiary of China Tobacco, mysteriously submitted the initial public offering materials to the Hong Kong Stock Exchange. These profit-making tax founders are going public.

  It is understood that the profit of traditional cigarettes can reach 10 times or even 50 times of the cost. Judging from the current inconsistent mode of various molds and bombs in glass pipes china, the profit of glass pipes china is as high as 10 times of the cost, while the cost of glass pipes china products above 300 yuan is about 30 yuan.
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  Goldman Sachs said in a 2013 report: "glass pipes china may account for 10% of total tobacco sales and 15% of profits by 2020. The growth of glass pipes china is likely to come at the expense of cigarettes. It is estimated that by 2020 glass pipes china will drop from the current 82% to 63%. " As far as the current situation in China is concerned, this figure may be too high, but it shows that international organizations are optimistic about the future of glass pipes china.

  Italy was the first EU country to levy a tax on glass pipes china. South Korea imposes a special health tax on nicotine, with US$ 1.65 per milliliter of nicotine-containing tobacco oil, while Togo imposes a tax of up to 45% on glass pipes china. At present, China does not control glass pipes china as a tobacco product.

  So, will nicotine be taxed? It is only because the reason why countries used to levy taxes on tobacco is that "smoking is harmful to health", while the harm of glass pipes china is still uncertain, we can only wait and see.

  The shutdown of Didi windmill has affected the taxi industry in addition to the safety risks of its own system. Imagine the size of a piece of cake in China's glass pipes china market that will cut tobacco taxes. This is the sword of Damocles hanging over the heads of glass pipes china entrepreneurs and investors.
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  Although the policy supervision has not really been put in place and the traditional tobacco giants have not yet entered the game, the wave of glass pipes china entrepreneurship that began in 2017 has recently become more and more intense. Faced with huge benefits, venture capitalists can always "seize" the current opportunity and swallow this "cigarette" first, no matter what torrent will emerge in the future.