Is vape regulation coming at the right time?

In recent years, the rapid development of vape in the Chinese market has attracted widespread attention. At the same time, calls for vape regulation are also growing. Recently, the Chinese government has introduced a vape regulatory policy. Whether the timing of this move is just right has triggered heated discussions from all walks of life.

First of all, the development of vape in China is relatively late, and its development speed is also relatively slow compared to the United States, the United Kingdom, Japan and other countries. However, as time goes by, the size of the Chinese vape market continues to expand. According to iiMedia Consulting statistics, China’s vape market has grown at a compound growth rate of more than 20% from 2014 to this year. In this context, it seems logical for the government to introduce regulatory policies.

The implementation of regulatory policies aims to regulate the development of the vape industry and protect the legitimate rights and interests of consumers. By stipulating qualification requirements for the production and sale of vape, the problem of youth smoking can be effectively curbed, while the quality and safety of vape products can also be ensured. This is of positive significance to the long-term development of the industry.

However, implementing the new law will not be easy. How to formulate appropriate standards and how to issue vape production and sales qualifications are all issues that need to be explored and solved. In addition, if the production of vape also requires qualifications, how to solve the existing export orders also requires long-term consideration by relevant departments. Therefore, when the government implements vape regulatory policies, it needs to fully consider various factors to ensure the smooth implementation of the policy.

For investors, the introduction of vape regulatory policies will undoubtedly have a certain impact on the industry. In the short term, illegal online sales channels will be strictly investigated, and offline sales channels will also need to obtain corresponding qualifications within the specified time. This will have a greater impact on small vape brands and OEMs, while the surviving brands will be more active in exploring export channels. For manufacturers that have obtained production and sales qualifications, they will rely on the spontaneous regulation of the market to survive and eliminate the fittest.

It is worth noting that there is still controversy over whether vape is harmful to people and to what extent. Although the original intention of vape is to help people quit smoking, survey data shows that more than 70% of vape users also choose vape to quit traditional cigarettes. In fact, they do not think vape is "easier to smoke" than traditional cigarettes. Therefore, when formulating vape regulatory policies, the government should fully consider its hazards and conduct scientific assessments.

The timing of the vape regulatory policy is not entirely appropriate, but it is necessary. The government needs to fully consider various factors when implementing policies to ensure the smooth implementation of the policies. At the same time, the harmfulness of vape still needs further research and discussion. In the future, the government should strengthen supervision, regulate the development of the vape industry, protect the legitimate rights and interests of consumers, and promote the sustainable development of society.

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