Subscribe to our Jing Beauty newsletter here to get the latest news on China’s world of beauty and wellness. Consistent growth in overseas markets has instilled confidence in China beauty businesses to further expand internationally. China beauty exports hit $2.8 billion (20.9 billion RMB) in the first half of this year, a year-on-year increase of 32.5 percent, according to the data released by China Customs. “There are some concerns about a slowdown in both population momentum and spending expandability of young consumers in China, two of the pillars that have been supporting beauty market growth for the past two decades,” Hwee Chung, China beauty insight director at Kantar Worldpanel says
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