MULTINATIONALS CONTINUES EXPANSION IN CHINA, BUT FACING NEW CHALLENGES; HONG KONG SEES A CHANGING ROLE
January 1st, 2013
DESPITE China’s slowing economy in 2012, Chinese consumers still spent handsomely on beauty products. In December alone, for example, spending on cosmetics and personal care products (such as personal soaps, shampoo and toothpastes) increased 16% and 16.6% respectively from the same time a year ago, compared with 8.7% for clothing and 3.6% for jewelry, according to the China Nation Commercial Information Center, a Beijing-based government organisation tracking national retail statistics.In the first 11 months of 2012, Chinese spent Chinese Yuan Renminbi ...
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