Following China's decision to reduce the tariff on imported cosmetics by nearly 50 per cent, beauty retailer Jumei is worried the cut will affect its' pricing advantage.
AmorePacific has posted its strongest first quarter performance to date, a boost the company attributes to Chinese tourists favouring its skin care at duty free shops.
Japan's version of Swedish furniture maker 'Ikea' that also offers an affordable cosmetics range, is expanding into Australia after huge success in its home country.
Specialty chemicals player Clariant is working on catering to China's mega trends for the packaging sector among others, with 'new additives, pigments and master batches'.
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