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They say, There are too many taxes

Since we reported in December 2021 on some significant developments in Chinas regulation of e-cigarettes (including the draft national standard on e-cigarettes) as well as in March 2022 on the finalized Management Rules for E-Cigarettes, Chinas State Tobacco Monopoly Administration (STMA), also referred to as China National Tobacco Corporation (CNTC), has not only released the national Standard GB 41700-2022 on Electronic Cigarettes but also published further regulations detailing the procedure and requirements for licensing, technical review, etc

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In short, NYPC is holding its own and even growing a little despite the current hostile environment