Prestige Beauty Outpaces High-End Bags as China’s Luxury Spending Evolves

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Prestige Beauty Outpaces High-End Bags as China’s Luxury Spending Evolves

For Chinese consumers seeking luxury, prestige skincare is trumping designer bags as a prolonged property downturn and weaker confidence make price tags ever more decisive, even for premium goods.

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Opinion: China’s Next Big Export Could Be Beauty

Although overseas sales of Chinese beauty brands are roughly half those of South Korea, the gap is narrowing, thanks to C-beauty’s popularity in Southeast Asia, writes Juliana Liu.

China’s Shoppers Are Buying Luxury Again

Results from companies including L’Oréal, LVMH and Ralph Lauren, along with industry data, suggest affluent consumers are starting to spend more again, helped in part by a Chinese equities rally boosting wealth and sentiment.

• Beauty:Fragrance
• Beauty:Cosmetics
• Beauty:Skin Care

• L'Oréal
• The Estée Lauder Companies

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Prestige Beauty Outpaces High-End Bags as China’s Luxury Spending Evolves

For Chinese consumers seeking luxury, skincare is trumping designer goods as a prolonged property downturn and weaker confidence make price tags ever more decisive.

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