China National Tobacco Corporation (CNTC) paid a record $222 billion into China’s state finances in 2025, according to official industry data.
2Firsts, January 23, 2026, Shenzhen
China National Tobacco Corporation (CNTC) paid a record $222 billion into China’s state finances in 2025, according to official industry data.
Fiscal contributions to the state budget totaled RMB 1.58 trillion, up 2.3% from a year earlier. Combined industrial and commercial taxes and profits reached RMB 1.657 trillion, an increase of 3.5% year-on-year.
Both figures were the highest on record.
According to data published on the website of China’s Ministry of Finance, national general public budget revenue totaled RMB 21.97 trillion in 2024. On that basis, CNTC’s 2025 fiscal contribution would amount to about 7.2% of national general public budget revenue.
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