EXPANSION INTO PERIPHERAL REGIONS A NEW PRIORITY FOR MARKET MAKERS
January 1st, 2010
BY MARK GODFREY
A SLUMP in exports dented China's economic growth in 2008, but a strong recovery which lifted GDP growth to 10% in the second half of 2009 appears to have ensured strong retail sales across all fronts. That is why growth of cosmetics sales in China remained strong at 10% in 2009, according to the China Association of Fragrance Flavour and Cosmetic Industries (CAFFCI).
The figure is similar to 2008, when China outpaced a global average of 7.8%. Cosmetics segments such as skin care and hair care account for 38% and 20% of the overall cosmetics and ...
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