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Around the time of the IPO, an analyst in Tobacco Control wrote that "the goal of the IPO was to finance market expansion in CNTC target markets and establish strategic collaborations with other cigarette companies." The expansion shows that China Tobacco aspires to follow in the footsteps of international tobacco giants like Philip Morris International and British American Tobacco, said Mackay of Asian Consultancy on Tobacco Control
The FDA's legal license to prohibit menthol as a "characterizing flavor" in cigarettes comes from the Family Smoking Prevention and Tobacco Control Act
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