Beauty Industry In China
Within 21 years, from 1983 to 2004, the sales volume of China's beauty businesses has increased 260 times, according to the country's first annual report on the beauty sector, recently released by Chinese economists.
While the traditional beauty sector in China refers mainly to such services as hairdressing, massage and face-lifts by medical means, the modern beauty sector expands to cover the areas of beauty-related education and marketing, the production and research of cosmetics and related instruments, and even includes ornaments, packaging materials as well personal image consultation.
With a 15 per cent annual growth, the beauty sector is turning into another huge money-maker after the boom in the real estate, auto, electronics and tourism sectors. Moreover, the revenue of the sector is expected to reach 176.2 billion yuan (US$21.3 billion) this year and double in the next five years.
From the perspective of cosmetics, a similar track is visible: The annual average......
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