China is on track to replace the United States as the most beautiful place in the world for cosmetics makers. With rising affluence enabling more women to buy luxuries like lipsticks and skin creams, cosmetics sales in China are projected to hit $3.8 billion in 2009, surpassing the U.S., according to TNS Worldpanel China, part of the international research house Taylor Nelson Sofres. That projection is based on expectations of continued double-digit growth in the Chinese cosmetics market and a...