www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

chinadaily.com.cn
left corner left corner
China Daily Website

'Lipstick effect' hits China as economy slows

Updated: 2013-05-20 07:40
By Shi Jing in Shanghai ( China Daily)

'Lipstick effect' hits China as economy slows

When the economy declines, some people will start to buy inexpensive lipsticks or makeup that are not high-end items to make themselves feel good. It's a phenomenon known as the "lipstick effect". According to the market research firm Euromonitor International, the entire retail value of the beauty and personal care sector in China grew from 184.1 billion yuan ($30 billion) in 2011 to 202.1 billion yuan in 2012. [Provided to China Daily]

People are more willing to spend on small indulgences such as cosmetics

Fang Jinqi, 32, said the most urgent thing for her at the moment is to develop a more thrifty lifestyle because her job as a property agent business is stagnating.

The big fan of Hermes bags who used to buy a new one almost every two months said she has not done so for at least six months.

To make up for the loss of her hobby, Fang is now turning to cheaper cosmetics, such as lipsticks, which she said "can be easily picked up from chain stores such as Sephora".

Leonard Lauder, chairman of Estee Lauder Companies, said he noticed the sales of lipsticks experienced an usual rise during the economic deflation after the Sept 11 terrorist attacks in the US in 2001. Lauder said when the economy sours people are more willing to spend on smaller indulgences such as lipstick rather than splashing out on expensive luxury bags. It's a phenomenon known as the "lipstick effect" and has been recognized historically.

Professor of sociology Juliet Schor wrote in her book The Over Spent Americans, published in 1999, that anti-wrinkle cream, moisturizers, eye shadow and powders, lipsticks and facial makeup can provide "hope in a bottle" for people, especially women, who are "looking for affordable luxury, the thrill of buying at the expensive department store, indulging in a fantasy of beauty and sexiness".

In short, "Cosmetics are an escape from an otherwise all too drab everyday existence," she wrote.

But is the same thing happening in China?

China's GDP rose 7.8 percent in 2012, the first time that the country's growth rate fell to less than 8 percent since 1999. Its economy grew 7.7 percent in the first quarter of this year.

The country's Purchasing Managers' Index dropped to a nine-month low at 49.2 points in August last year. A figure below 50 indicates a contracting economy. Fan Junlin, an economics researcher at the Agricultural Bank of China, said in an interview with the Xinhua News Agency: "Weak external demand remains the biggest factor dragging down China's economic growth."

But as the industrial and manufacturing sectors declined last year, fast-moving consumer goods and fashion brands soared. According to the market research firm Euromonitor International, the entire retail value of the beauty and personal care sector in China grew from 184.1 billion yuan ($30 billion) in 2011 to 202.1 billion yuan in 2012. L'Oreal Group saw its market share grow 11.2 percent in 2012 from 10.8 percent a year earlier. Shiseido Co and Unilever Group have both seen a 0.1 percent increase in terms of market share.

Previous Page 1 2 Next Page

 
8.03K
 
...
主站蜘蛛池模板: 久久久久国产午夜 | 大片国产片日本观看免费视频 | 九九色视频 | 最近日本免费观看视频 | 亚洲va视频 | 久久在线视频播放 | 手机免费毛片 | 97视频免费观看2区 97视频免费上传播放 | 步兵一区二区三区在线观看 | 日韩在线欧美在线 | 免费看成人播放毛片 | 极品丝袜高跟91白沙发在线 | 一级香蕉免费毛片 | 国产精品一区二区三区四区五区 | 欧美午夜伦y4480私人影院 | 欧美va在线播放免费观看 | 日韩经典欧美精品一区 | 精品在线播放 | 亚洲成人影院在线 | 一级在线 | 欧洲 | 国产v日韩v欧美v精品专区 | 天堂色网站 | 成年片美女福利视频在线 | 免费女人18毛片a级毛片视频 | 久久精品店 | 成人欧美视频免费看黄黄 | 亚洲理论片在线中文字幕 | 日韩日韩日韩手机看片自拍 | 久久国产精品-国产精品 | 99视频在线国产 | 日韩在线播放中文字幕 | 色伊人国产高清在线 | 韩国黄色一级毛片 | 欧美日韩精品一区二区免费看 | 99久久精品免费国产一区二区三区 | 99国产精品视频久久久久 | 国产手机在线视频放线视频 | 国产精品久久久久久一区二区三区 | 国产成人在线影院 | 国产青草 | 欧美人成a视频www |