BIZCHINA / Biz Media Digest |
Policy: Foreign-funded enterprises cannot sell tobacco(People's Daily Online)Updated: 2007-03-26 15:15 The National Development and Reform Commission recently issued a regulation on the administration of monopoly sale licenses of tobacco. According to the new regulation, foreign-funded enterprises or individual industrial and commercial businesses cannot engage in the wholesaling or retailing of monopolized tobacco products, nor can they conduct their business in the form of a franchise, outlet or other re-investment pattern. However, supermarkets can still rent counters to businesses who have special licenses to sell cigarettes. (For more biz stories, please visit Industry Updates) |
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