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Avon lipstick products are displayed inside the newly completed U.S. headquarters for Avon Products Inc. on September 14, 2011 in New York City.

China Eases Consumption Tax on Cosmetics

Oct 03, 2016 01:51 AM EDT

China is cutting down or eliminating tax on all cosmetic products, the finance ministry announced on Friday, the country's latest move to accelerate the transition toward a more consumption-led economy.

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