China's tobacco industry is headed for a period of mergers and acquisitions as competition in the global market becomes stiffer, Li Baojiang, deputy director of the State Tobacco Monopoly Administration, told a tobacco forum organized by Yunnan Hongta Group, China's largest tobacco maker. "The global tobacco and cigarette market is going to get more concentrated," the China Securities Journal reported Li saying. "Recent [mergers and acquisitions] include Altria’s acquisition of UST (UST.NY) ...