Innovation key driver in China’s rapidly growing skincare market

A visitor (left) browses cosmetics during the 67th China International Beauty Expo at the National Exhibition and Convention Center in Shanghai on June 25. [Photo provided to China Daily]

Beijing: Huaxizi, also known as Florasis, a Chinese beauty brand with cultural and aesthetic attributes, first introduced the company’s skincare line in September, a move driven by growing demand for related products from consumers.

Last year, the transaction value of China’s skincare market exceeded 420 billion yuan or about US$59bil.