The Johnson & Johnson-brand shampoo and shower gel recently stopped at Chinese docks, authorities said, was made in Singapore.
In general, business in China has been improving for multinational makers of personal care and cosmetics products, especially those catering to the country's growing middle class.
China's customs agency reported a 10.7% increase in the value of all cosmetics imported between 2012 and last year to nearly $ 1.7 billion. Chinese cosmetics exports, meanwhile, grew 7% last year to nearly $3 billion.
About half of China's imported cosmetics are made in Europe. But the value of North America's share of imports grew faster than any other region's last year, jumping 36% from 2012 to $239 million.At the time of publication, the author held no positions in any of the stocks mentioned. This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff.
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