French cosmetics giants to increase investments in China

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Many French cosmetics giants are doubling down on the China market by increasing their investments in the country. A new survey of 305 firms conducted by CCI France Chine shows an increasing number of French companies are planning to expand their presence in China over the next three years. Companies like L'Oreal and skincare brand Biologique Recherche said they will expand their brick-and-motor stores in China.