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Guangzhou Builds Beauty Park To Woo L’Oréal, Estée Lauder

Part of China's plan to encourage business development in the region.

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By: TOM BRANNA

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China hopes to lure more multinational beauty companies by building a 10.22 sq km “Beauty and Healthcare Industrial Park” in the Baiyun district  of Guangzhou, the capital of Guangdong province in southern China.  The site will generate synergies by bringing together local players in one location, according to the Baiyun District Science, Industry, Commerce and Information Technology Bureau. Construction began earlier this year. The city has some 1,789 cosmetics firms or about 40% of the n...

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