China has unveiled plans to tighten controls over e-cigarette production and investment to address concerns over fierce intra-industry competition and excess capacity, the latest step in the country’s broader effort to enhance its regulatory power over tobacco, a sector which enjoys a functional monopoly. The draft policy, released by the national tobacco regulator on Thursday, follows a State Council opinion issued earlier this month which placed e-cigarettes and nicotine pouches under stiffer…
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