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At the end of March, China said that it would soon regulate vaping products like cigarettes. That means nicotine vapes would fall under the control of the country’s tobacco monopoly—a development with huge implications in China and potentially the rest of the world. The nation produces roughly 90 percent of the planet’s e-cigarettes. In China, the government and Big Tobacco are one and the same. The State Tobacco Monopoly Administration and China National Tobacco Corporation [...] is both the agency in charge of tobacco regulation and the manufacturer of tobacco products. [...]