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Combustibles currently account for about 83% of its sales, according to the data firm FactSet

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At that time, China Tobacco CEO Ling Chengxing said that the Belt and Road Initiative would accelerate CNTC's global ambitions, and that it should be made to "catch up with the three largest tobacco multinationals." The structuring of China Tobacco In the late 1990s, a major reform consolidated this particularly sprawling national industry, which then had up to 185 regional companies, all reporting to the CNTC

Notably, the Senate bill would create an incentive to bring innovative OTC products to consumers, granting two years of exclusivity to makers of innovative OTC products