China’s entry to the World Trade Organization will have a tremendous impact on its fast-growing cosmetics industry, put pressure on domestic brands and rewrite regulations, according a recent article by Reuters.Yet, leading domestic manufacturers insist they can outperform foreign competitors in the US$2.4 billion-a-year market by seeking acquisition targets and reshaping its sales system.“There are about 3000 cosmetics-making companies in China. Some are worth being acquired,”...