Until July of this year, the total retail sales of cosmetics have reached 145.6 billion RMB in mainland China, increasing from 13.3% a year earlier. The retail sales of cosmetics have always had a higher growth than other consumption products.
We firmly believe that there is tremendous potential and opportunity of increment in China’s cosmetic industry. But if you have ever tried to acquire general knowledge about cosmetic regulations and governmental management, you may consider it complicated and time-consuming for applying the pre-market administrative approval.
There are plenty of differences in cosmetic regulations and the management mechanism between China and some other countries, which is really a threshold for a lot of foreign brands, let alone the cultural and lingual gap. It is obviously crucial to have a professional partner to assist. Reach24h Consulting Group is just this kind of professional solution provider for cosmetic products and ingredients registration with an experienced technical team.
In March 2018, China decided to reform the structure of its State Council and ministerial level departments. CFDA, AQSIQ and SAIC (State Administration for Industry and Commerce) are amalgamated into a new department named State Administration for Market Regulation. GAC now takes charge of entry and exit inspection and quarantine, duties previously designated to AQSIQ. Being one of the most important developments to come out of two sessions this year, institutional reform will undoubtedly impact the cosmetic market access and global trade, not to mention the upcoming cosmetic basic regulation’s (CSAR) big changes.
At in-cosmetics Asia 2018, Marylene Zhan of Reach24h Consulting Group China will host Regulatory updates from ASEAN, China and EU on 31st October, 15.55-17.55. The session will provide visitors with an opportunity to learn more about the latest changes to China’s cosmetic regulatory requirements, exploring the general procedure of applying approval certificate from CFDA to enter China market; changes and trends of China cosmetic regulations during recent years; as well as a Q&A and one-to-one consultation. For more information, visit http://asia.in-cosmetics.com/
