Country for PR: China
Contributor: Xinhua News Agency
Tuesday, November 30 2021 - 19:30
AsiaNet
Growing cosmetics industry adds to Shanghai's Fengxian District's urban beauty
SHANGHAI, Nov. 30, 2021 /Xinhua-AsiaNet/--

The Oriental Beauty Valley has become the capital of China's cosmetics 
industry, the core bearing area of Shanghai health-related industries, the 
first stop for Chinese cosmetics enterprises to go global, and the first choice 
for world cosmetics coffee to enter China, according to Shanghai Fengxian 
Converged Media Center.

Nowadays, the brand valuation of the Oriental Beauty Valley has reached 28.731 
billion yuan. The annual International Cosmetics Conference held here attracts 
customers at home and abroad.

New growth engines created

The laboratory at Shiseido's R&D center, located in the core area of the 
valley, was put into use in October this year. In the past two years, the charm 
of the Oriental Beauty Valley has attracted lots of international beauty and 
health industry giants to establish themselves here.

Chinese homegrown cosmetics brands are also joining the valley such as Chicmax 
and Pechoin. Leading enterprises in biomedical field such as WuXi Biologics, 
Shanghai RAAS, Shanghai Hutchison Pharmaceuticals are renewing their impressive 
growth in the valley.

Brand value polished

By the end of 2020, the valley's industrial scale reached nearly 70 billion 
yuan, and the above-scale industrial output value totaled nearly 40 billion 
yuan. Through six years of development, the valley has attracted more than 700 
industrial enterprises and over 3,000 beauty and health brands. Among them, 
there are 80 cosmetics production enterprises with cosmetics production 
licenses, accounting for 35 percent of the total number in Shanghai. There are 
more than 200 biomedical enterprises, and the above-scale output value of 
biomedicine accounted for 13 percent of Shanghai in 2020. The growth of every 
enterprise has increasingly highlighted the value and potential of the valley's 
brand.

The development of the Oriental Beauty Valley with the beauty and health 
industry as the focus is the epitome of economic growth and changes in Shanghai 
Fengxian. In recent years, Fengxian District has been constantly optimizing the 
business environment, gradually improving the valley's functional platform. 
Eight centers, including R&D, design, testing, display, marketing, experience, 
industry service and expert guidance, are taking shape, laying a foundation for 
high-quality industrial cluster growth.

New urban landmark

The Oriental Beauty Valley is not just an industry. It has been upgraded from a 
single industrial brand to a comprehensive city brand that fully displays the 
beauty of Fengxian's industry, city, ecology and humanity. In the past five 
years, landmark buildings such as Nine Trees Future Art Center, Fengxian Museum 
and the Shanghai Fish iconic landform have been built in Fengxian. Space has 
become the carrier of brand, and activities like the Oriental Beauty Valley 
music carnival and the plum blossom festival have integrated the city image 
with the valley.

In the future, Shanghai Fengxian will build a futuristic new city pilot area 
and the Oriental Beautiful Valley - Future City full of humanity, culture and 
hospitality. Efforts will be made to develop an independent comprehensive node 
city with a population of more than one million. It is committed to developing 
into one of the new representative cities with integrated development of 
industry and city.

Source: Shanghai Fengxian Converged Media Center

Image Attachments Links:

   Link: https://iop.asianetnews.net/view-attachment?attach-id=409241

   Caption: At the end of 2015, Fengxian District proposed to build the 
Oriental Beauty Valley, which developed from just dozens of cosmetics-related 
enterprises to more than 700 industrial enterprises and over 3,000 beauty and 
health brands, with the above-scale industrial output value of nearly 40 
billion yuan.

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