Comments like “China is one of the few markets with dazzling growth,” and “[China’s] market growth outperforms other global markets,” have been frequently heard in 2020.
The COVID-19 pandemic and its associated challenges have had a serious damaging effect on the global economy. However, as the circumstances of the epidemic prevention and control in China improve, and the economy is on an upward track, many foreign-funded businesses have been attracted to opportunities in the Chinese market. Aggressive new product listing plans, ongoing R&D and production input and an increasing number of headquarters of multinational companies being established in the country are examples of the faith shown by foreign investors.
Outstanding Growth
French personal care company L’Oreal witnessed a 30-percent increase in earnings in China in the second quarter, outperforming other markets across the world. Johnson & Johnson’s business in China rebounded briskly as its medical device arm logged double-digit growth.
In 2020, L’Oreal gained much attention in China despite challenges from COVID-19. Brands under the French cosmetics giant have opened many concept stores across China.
Along with the stores are new product lines, technologies, and brands, creating new shopping experience for consumers. For example, L’Oreal R&D center in China recently tailor-made an anti-wrinkle product for Chinese consumers. After it was launched, it became a hit product, breaking the record of online shopping platform Tmall’s sales of new cosmetics and skin care products.
Denne historien er fra November 2020-utgaven av China Today (English).
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Denne historien er fra November 2020-utgaven av China Today (English).
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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A City with Vision for the Future
LOCATED on the edge of Xinjiang Uygur Autonomous Region, at one of the farthest points in China from the sea, stands a city that began to embrace its great economic takeoff just 10 years ago.
Setting out on the Great Rejuvenation
THE centenary of the Communist Party of China (CPC) was marked by a grand gathering held on July 1 at Beijing’s Tian’anmen Square.
A Similar History Has United Us
— Interview with Carlos Miguel Pereira, Ambassador of Cuba to China
The CPC's 100 Years of “Routine Miracles”
AT a grand ceremony commemorating the centenary of the founding of the Communist Party of China (CPC) at Beijing’s Tian’anmen Square on July 1, Xi Jinping, general secretary of the CPC Central Committee, solemnly declared the completion of building China into a moderately prosperous society in all respects, the country’s first centenary goal.
An Open Xinjiang with Multi-Ethnic Beliefs
SINCE ancient times, Xinjiang has been a region where ethnic groups live together, religious beliefs are diversified, and many cultures coexist. Primitive religion and Shamanism were initially prevalent in the region.
Xinjiang in My Eyes
ON May 24, 2021, I boarded a flight to Urumqi from Beijing with a group of Chinese and foreign journalists to learn more about Xinjiang Uygur Autonomous Region, a vast territory that is home to many ethnic groups and diverse cultures. The visit has left me with lasting memories and a deeper understanding of the people and the region as a whole.
Stability and Development Are the Strongest Evidences of Human Rights
OVER the past months hostile elements in certain Western countries have trumped-up charges against China concerning human rights in Xinjiang, spreading lies about “forced labor,” “genocide,” and “religious oppression” in the region.
BRI Nexus Promoting Multilateralism in a Post-Pandemic World
BORN of centuries-long interactions between China and other civilizations along the ancient Silk Road, the Belt and Road Initiative (BRI) appears as the quintessential manifestation of multilateralism on the world stage since the Second World War which was, sad to say, one of quite a different kind.
Tourism Boosts Rural Revitalization in Ili
THEY say you never know how big China is until you come to Xinjiang, and never know how beautiful Xinjiang is until you come to Ili.
Xinjiang's Cotton Industry Gets Smart
LOCATED in the northwest of China, Xinjiang Uygur Autonomous Region boasts long hours of sunshine and ample water for irrigation — making the region geographically ideal for growing cotton. Cotton grown in Xinjiang, which has good coloration and long fiber, is favored in both domestic and foreign markets.
