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China’s Medical Beauty Industry: Challenges, Trends and Opportunities

2023-12-06
China’s medical beauty market has emerged as a standout sector amid global economic challenges, exhibiting remarkable growth and resilience. Fueled by capital influx and a well-defined industrial chain, the industry has become a focal point for consumption growth within the broader beauty and healthcare sectors, offering an array of opportunities for foreign businesses and investors.

Featured Business News

Middle East Briefing

Russian President Putin Visits Saudi Arabia and the UAE; Talks With Iran: The Political, Trade and Development Dynamics

12/07/2023

The Russian President Vladimir Putin has been on an official visit to Saudi Arabia and the UAE and is holding discussions with the Iranian President in Moscow. There are significant implications for Israel, Palestine, and future energy collaboration in addition to Caspian Sea trade between the Middle East, Russia, and Central Asia.

Vietnam Briefing

50 Years of Luxembourg-Vietnam Relations Sees Two-Way Trade Stronger than Ever

12/06/2023

Vietnam and Luxembourg have a long and productive trading history. With diplomatic relations normalized back in 1973, the two countries have progressively become more and more intertwined in international trade. This has been helped along by the proactive approach to boosting trade ties taken by the two countries.

India Briefing

ICAI Releases Draft Auditing Standards for LLPs in India, Seeks Public Comments by January 6

12/06/2023

The Institute of Chartered Accountants of India has released an exposure draft proposing new auditing standards for limited liability partnerships (LLPs) in India to align them with prevailing corporate auditing norms. It is open for public comments until January 6, 2024. We explain what these new proposals mean and how they affect foreign investors.

China Briefing

UK 2023 Investments into China – Data Analysis on Deals, Values, M&A and Investments

12/06/2023

With a reshuffle in the British Government and ex-Prime Minister – and generally pro-China politician David Cameron now as the UK’s Foreign Minister, there have been early signs of a potential mild rapprochement in the British governments overall attitude towards Beijing. 2023's UK-China investments can be indicative of 2024's UK investment trends.

ASEAN Briefing

Thailand and Hong Kong Launch Cross-Border QR Payments

12/05/2023

On December 4, Thailand’s central bank and the Hong Kong Monetary Authority launched a new cross-border QR payment link enabling travelers from Thailand and Hong Kong to make retail payments through their mobile payment applications. Customers of Hong Kong’s Faster Payment System (FPS) and Thailand’s PromptPay can use their respective QR codes in either jurisdiction.

India Briefing

India’s Economic Rise: How Global Tech Giants are Chasing the Next Big Growth Engine

12/06/2023

India’s economic ascent, potentially become the world’s second-largest economy by 2075, stems from multifaceted strengths. Anchored by strategic positioning, a commitment to digitalization, and demographic advantages, India stands as a tech haven amid global turmoil. Major tech firms like Apple, Microsoft, and Meta witness exponential growth in India, showcasing the country’s resilience.

The Bigger Picture

Russia Briefing

A Very Ukrainian Coup

12/06/2023

The US Senate has voted not to send more aid to Ukraine. Understanding the real decision-making influences is key to predicting what is now likely to happen in Kiev, and is key to understanding developments in Ukraine, Russia, and Europe. We discuss the implications, scenarios for the end of the conflict and what happens next.

Silk Road Briefing

Twenty More Countries Have Applied To Join BRICS

12/06/2023

The BRICS Ambassador at large, Anil Sooklal, has stated that a further 20 countries, in addition to the recently proposed six new members invited earlier this year, have applied to join the BRICS group. We provide a summary of all 20 new candidate BRICS nations plus an overview of the global trade impact should they join.

Silk Road Briefing

China And Asia Gear Up For Russia’s Northern Sea Route Supply Chain

12/04/2023

With the Suez now considered a risk, and EU gas supplies dead, Asia is intent on taking up the lion’s share of Russia’s gas and supply chain volumes. The Northern Sea Route (NSR) cuts 8,000 km off the supply chain with a distance of 13,000 km, reducing sailing time from five-six weeks, to under three weeks between Russia’s European Ports and Asian ports such as Shanghai.

Silk Road Briefing

Europe’s New Energy Reach Into Post-Soviet Spaces

12/05/2023

The increasing energy demand within the European Union is driving the initiation of new projects, including some linked with China’s Belt & Road Initiative. With Azerbaijan close to the European land mass but with Central Asia just across the Caspian Sea, its importance for Europe has risen. Azerbaijan and Central Asia will benefit, but the EU’s geopolitical risks have increased.

Our firm Dezan Shira & Associates provides legal, tax and operational advisory across Asia.
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China’s Medical Beauty Industry: Challenges, Trends and Opportunities

12/06/2023

China's medical beauty market has emerged as a standout sector amid global economic challenges, exhibiting remarkable growth and resilience. Fueled by capital influx and a well-defined industrial chain, the industry has become a focal point for consumption growth within the broader beauty and healthcare sectors, offering an array of opportunities for foreign businesses and investors.

 

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It has been produced by Dezan Shira and Associates since 1999.

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