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Beauty valley endorsed for major expansion

    Shanghai Oriental Beauty Valley, Fengxians cosmetic industrial park, recently got endorsement from the municipal government to become a leading force to develop the citys mass health industry.

    According to the instruction, the valley is set to become a beauty industry cluster with a scale of 100 billion yuan (US$15 billion) by the year 2025. Three to five leading enterprises with annual sales of more than 50 billion yuan should be in place while more than 10 companies would have a sales volume of 10 billion yuan.

    The industrial layout asks for cooperation with Jingan, Songjiang, Qingpu, Jiading and Baoshan districts while financial and professional supports will be provided for the park.