CHINA: Kanebo Cosmetics, Inc., a division of Japan’s Kanebo Ltd., and a unit of Sanjiu Enterprise Group, China’s largest drug maker, have joined forces to sell cosmetics in drug stores on the Chinese mainland. Kanebo Cosmetics will own 67% of the new entity while Sanjiu Enterprise’s Tokyo-based Sanjiuhonsoubou Medical & Pharmaceutical Co. will hold the remainder, said executives from Kanebo Cosmetics. The new joint venture will begin selling Kanebo’s cosmetics in April 2005 at drug stor...