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Daily News on Vape Industry May 7th, 2024

  1. Zhang Jianmin, Party Secretary and Director of ChinaState Tobacco Monopoly Administration and General Manager of China National Tobacco Corporation, met with Fitzgerald, Deputy Director of the Australian Border Force, and his delegation in Beijing, and the two sides held friendly talks.


  1. In March 2024, China’s exports of vapesto New Zealand were about US$10.9 million, a month-on-month increase of 42.68% and a year-on-year decrease of 17.89%; the export volume was about 215 tons, a month-on-month increase of 42.04% and a year-on-year decrease of 10.35%.


  1. The ban on flavored vapesin Virginia and Iowa in the United States has aroused doubts among the American public. Legislators said it was to protect consumers, but critics accused it of greedy lobbying by big tobacco companies.


  1.  Thai Customs announced that it would impose heavier fines on vape importers to curb the sale of vapes to the public (especially teenagers). The specific amount of the fine is twice the value of the vapesand the total amount of taxes payable.


  1.  Japan Tobacco International (JTI) plans to invest 450 billion yen (about 2.9 billion US dollars) in 2026 to transform into heated tobacco to ease the shrinking pressure of the traditional combustiblecigarette market.


  1. Zhongtai Securities gave Yinghe Technology an overweight rating. The rating report stated that the vape business revenue exceeded341 billion yuan in 2023, and the monthly shipment volume exceeded20 million.