Is China Tobacco Company a state-owned enterprise?

China Tobacco Company is a state-owned enterprise.

Introduction of China Tobacco Company:

China Tobacco Corporation was established in June 1982 1. Its main responsibility is to implement centralized and unified management of the production, supply, marketing, import and export business and foreign economic and technological cooperation of its affiliated enterprises in accordance with national laws and relevant regulations, decrees, guidelines and policies of the State Council.

The tobacco industry in China implements the management system of unified leadership, vertical management and monopoly. The State Tobacco Monopoly Bureau and China Tobacco Corporation shall implement centralized and unified management of the production, supply, sales, people, finance and domestic and foreign trade of the national tobacco industry.

1981May, the State Council decided to implement a national monopoly on tobacco; 1982 1 China tobacco corporation was established; 1September 1983, the State Council issued the tobacco monopoly regulations; 1984 the state tobacco monopoly bureau was established in June of 1, and it is a set of institutions with two brands with China tobacco corporation.

The business scope of China Tobacco Corporation is to organize and arrange the production, operation and construction of the national tobacco industry in a unified way, to make overall arrangements for the coordinated development of agriculture, industry and commerce in the tobacco industry, to promote the technical and management progress of the industry, to develop horizontal economic union and to solve major problems in the production and operation of the industry. Leading, coordinating, managing and serving tobacco grass-roots industrial and commercial enterprises.