Gateway Report: China’s Cosmetics Market

Gateway Report: China’s Cosmetics Market

Market Information, Policy Explained
Cosmetic store in China Market overview: total retail sales reached 46.52 billion NZD in 2017 The cosmetics sector on the Chinese mainland has been growing at a fast pace in tandem with the rapid development of the Chinese economy in recent years. Data from Euromonitor reveals that total retail sales of skincare products and make-up products in China reached 39.29 billion NZD (RMB 186.7 billion) and 7.27 billion NZD (RMB 34.4 billion), respectively, in 2017, achieving year-on-year growth of 10.3% and 21.3%, respectively. The table below shows recent years’ retail sales of cosmetic products by wholesale and retail enterprises above a designated scale. YearRetail sales NZD billion (RMB billion)201228.20    (134.0)201334.19    (162.5)201438.40     (182.5)201543.12     (204.9)201646.76     (222.2)201752.90     (251.4) Source: National Bureau of Statistics of China Current structure of China’s…
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Made in China 2025 from New Zealand perspectives

Made in China 2025 from New Zealand perspectives

Policy Explained
[caption id="attachment_562" align="aligncenter" width="881"] A technician debugs a robot in Rui'an City, east of China's Zhejiang province in January this year. The government’s “Made in China 2025” strategy for industrial modernisation aims to support the country’s transformation from a manufacturing hub into one of the next-generation technological breakthroughs.[/caption] The trigger of US-China trade war On the same day that the Trump administration announced $60 billion in tariffs against China, the Office of the United States Trade Representative (USTR) dropped the results of its Section 301 investigation into China’s unfair trade practices. The nearly 200-page report presents a searing indictment of China’s disregard for intellectual property, discrimination against foreign firms, and use of preferential industrial policies to unfairly bolster Chinese firms. Interestingly, the report singles out one Chinese government initiative, in particular, as a prime…
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Gateway Report: China’s Health Food Market

Gateway Report: China’s Health Food Market

Market Information, Policy Explained
Market Overview: 56-87 billion NZD Sources in the mainland China estimate that China’s health food market will grow at an average annual rate of 10-15%, from 56.37 billion NZD (260 billion CNY) in 2016 to 86.72 billion NZD (400 billion CNY) in 2021. Moreover, consumers’ mindset about health food is gradually shifting from being seen as luxury goods to ordinary consumer products. The Outline of the Programme for Food and Nutrition Development in China (2014-2020) mentions that the state will actively raise the nutrient intake of its people, and will make the development of health food and nutrient fortified food one of its priorities. This will help boost the development of China’s health food market. China’s health food market first emerged in the 1980s. According to the National Food Safety Standard - Health Foods,…
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NZ companies benefit from One Belt One Road Initiative

NZ companies benefit from One Belt One Road Initiative

Policy Explained
[caption id="attachment_431" align="aligncenter" width="300"] New Zealand and Chinese One Belt One Road Initiative[/caption] What is One Belt One Road Initiative (OBOR)? Dates back two thousand years to a time when China’s Han Dynasty traded with Asia, the Middle East and Europe through a fabled Silk Road of trails and caravan routes. Today the Chinese want to rediscover that heritage with ‘One Belt, One Road’, an incredibly ambitious plan for a new era of trade with the countries along the transport routes that stretch from China through Central Asia into Europe. In 2013 Chinese President Xi Jinping unveiled an ambitious economic and foreign policy - the "Silk Road Economic Belt" and the "21st Century Maritime Silk Road". [caption id="attachment_438" align="aligncenter" width="300"] New-Silk-Road[/caption] China wants to revive the network of silk-trade routes…
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