CHINA COSMETICS MARKET ROBUST IN FACE OF GLOBAL CREDIT CRUNCH
January 1st, 2009
BY MARK GODFREY
WHILE much of the rest of the world is in the economic doldrums, demand for cosmetics and toiletries seems to be holding steady in China. That said, local cosmetics manufacturers are however bracing themselves for a difficult year. Ren Yu, editor of China Beauty Fashion, an industry newspaper published in Beijing, said that while effects of the global economic slump on Chinese retail sales has been "slight", many local original enterprise manufacturing (OEM) firms making cosmetics for foreign brands have had to sharply adjust their ...
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