Editor
In the gloom of China’s economy, one area of business is booming: cosmetics.
After enduring nearly three years of mandatory masks and frequent lockdowns during the pandemic, many Chinese consumers, wary of big-ticket purchases like apartments, are now splurging on lipstick, perfume, moisturizers and other personal care products.
But cosmetics companies from France, Japan, South Korea and the United States, which have invested heavily in…
