China's state tobacco monopoly, which supplies the world's largest cigarette market and one in every three smokers on Earth, is engulfed in an anti-corruption sweep that has also snared regulators responsible for overseeing it.
Caixin
China's tobacco monopoly swept up in corruption probes
Huge profits, vertical management structure seen as breeding ground for crime
China is home to more than 300 million smokers and China Tobacco controls 97% of the market.
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