China’s Economic Downturn Rocks a ¥1.6 Trillion Industry, 47 Million Quit Smoking
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China’s most profitable industry — more precisely, the Chinese Communist Party’s largest and most efficient tool for extracting money — the 1.6 trillion yuan tobacco industry, suddenly appears to be facing a crisis. In recent months, a large number of videos encouraging people to quit smoking, or livestreaming people’s own attempts to quit, have suddenly appeared across Chinese social media platforms.
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