Will China Tobacco cut its price in the future?

1. In order to reduce the smoking rate and protect public health, the government will regulate the tobacco market by raising tobacco taxes and restricting tobacco advertisements. This has led to an increase in the cost of tobacco enterprises, which has forced to reduce the price of tobacco to maintain market share.

2. With the popularity of new tobacco substitutes such as electronic cigarettes and nicotine substitutes, the traditional tobacco market is facing greater competitive pressure. In order to attract consumers, tobacco companies will choose to lower prices. So China Tobacco will cut its price.