Fasttech story has ended but not the rest of it. Only the big money connected manufacturer, like Smoore, will continue the others will be sqeezed out.
From 2021:
"STMA will likely bring more restrictions. The regulatory agency strictly controls which products can compete in the Chinese tobacco marketplace, and the new rules will allow the STMA to micromanage vaping manufacturers the same way. What has been announced is essentially the Chinese equivalent of FDA’s
Deeming Rule: it sets the stage for the detailed regulations that will follow"
China has amended its laws to bring vaping products under control of the country’s tobacco monopoly regulations.
vaping360.com
With the implementation of the Management Rules of E-cigarettes and the forthcoming effective date for the GB Standard on E-cigarettes (October 1, 2022),
www.thecontinuumofrisk.com
2022 It's not just the excise tax, which can be avoided by using a bonded warehouse, it's more...
"License and registration
Companies must receive approval and obtain a license from the tobacco monopoly administrative department of the State Council before they can establish business to manufacture e-cigarettes. The license must then be ratified and registered by the market supervision and management department.
- To be eligible for a production license, companies must meet the below criteria:
- Have an appropriate amount of funding for the production of e-cigarettes;
- Have the necessary technology, and equipment required for the production of e-cigarettes;
- Comply with the national e-cigarette industry policy requirements; and
- Other criteria stipulated by the STMA."
"Regulations for China vape retailers and wholesalers
Companies engaged in the wholesale and retail of vape products are subject to the same rules and criteria for registration as producers and manufacturers."
https://www.china-briefing.com/news/china-vape-industry-how-will-new-administrative-measures-impact-industry/#:~:text=From November 1, 2022,wholesale will be 11 percent.
The writings been on the wall for cheap stuff from China. Just now really reading it...
Big money running government wins, everyone else is a loser.
