Skin care is a critical component of the Chinese beauty industry, accounting for 70% of all money spent each year. And with the country’s growing economy and consumers’ disposable income on the rise, there has been steady movement in the higher-priced end of the marketplace. According to The NPD Group, Inc., sales of premium facial skin care products are growing in China. Sales of prestige premium products—those priced at approximately $113 and above—grew from 28% in the first half of 2007 t...