China regulator orders e-cigarette makers to halt new plants

​China's State ‌Tobacco Monopoly Administration ​issued a notice ‌on Friday aimed at curbing price wars in the e-cigarette ‌industry, directing manufacturers to address ‌overcapacity by suspending investment projects and the building of ⁠new ​production ⁠plants.

"The capacity utilisation rate is ⁠at a high level," the notice ​said, while warning e-cigarette ⁠makers against trying to skirt ⁠the ​instruction by building new facilities ostensibly ⁠for the production of other products ⁠that ⁠are in fact manufacturing e-cigarettes.