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Moreover, the revenue of the sector is expected to reach 176.2 billion yuan (US$21.3 billion) this year and double in the next five years.
From the perspective of cosmetics, a similar track is visible: The annual average spending of Chinese on cosmetics, in the early 1980s, was about one yuan (12 US cents), the figure rose to five yuan (60 US cents) in the early 1990s, and 25 yuan (US$3) at the end of 2000.
In big cities like Beijing and Shanghai, the annual average spending on cosmetics has reached 80-100 yuan (US$9.6-12), although still much lower than the figures for many developed countries, roughly US$35-70...
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