One of the main reasons Chinese consumers buy themselves silly abroad – including Hong Kong – is the high difference in pricing of similar products in mainland China. Cosmetic giants Estee Lauder and AmorePacific have lower their prices up to 30 percent, as also the government is revamping its import fees. More will follow, tells retail analyst Ben Cavender to the South China Morning Post.
Category Archives: cosmetics
A US$540,000 fine for illegal direct selling and unsubstantiated product claims for Nu Skin Enterprises came as a relief, since the company could have faced a higher penalty. But it serves as a warning for all direct selling in China, says market analyst Ben Cavender to Bloomberg.
China is introducing new regulations that makes it possible to phase out animal testing for cosmetics. Shanghai-based lawyer Mark Schaub explains how NGO´s, international pressure and basic market forces have made it possible to give rabbits and mice a happier life, and consumers politically correct cosmetics.
Book author Helen Wang got a feature in the Chengdu fashion magazine “Grace”, describing her as “the spirit of the East and the West”. On her weblog Helen Wang describes her latest success.
Plastic surgery on women is booming, together with the wealth of the Chinese consumers. On his weblog China watcher Bill Dodson reports about this wife’s visit to a clinic, with queues outside the building, together with their parents, paying for the operation.
Women in China have become a major force among the country’s super spenders, writes Shaun Rein in CNBC. When you want to tap into China’s booming market, that is a group you have to understand.
Image by Getty Images via @daylife It took them a while, but luxury brands are becoming better in targeting the Chinese consumer, especially the young women, says Shaun Rein in…
Shaun Rein is the Managing Director of the China Market Research Group, the world’s leading strategic market intelligence firm focused on China. He is one of the world’s recognized thought leaders on strategy consulting in China. In 2012 he published the bestseller “The End of Cheap China.” He travels from Shanghai.