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Government

China lowers tariffs on popular imported luxury cosmetics

June 5, 2018

Chinese consumption of imported cosmetics grew by 40 percent last year. Image credit: Kantar

 

By Danny Parisi

The Chinese government is significantly cutting tariffs on imported beauty products including skin and hair cosmetics in a move expected to boost the growth of brands such as Estée Lauder and Lancôme.

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Dior builds five-story statement flagship in Beijing
Louis Vuitton shares names of final Watch Prize contestants, jury members
Chef Yotam Ottolenghi to debut first Netherlands restaurant at Mandarin Oriental Amsterdam