L´Oreal is confident China´s selfie revolution will be good for its business
(WorldNews Business)

By Cheang Ming, Akiko Fujita and Geoff Cutmore China’s economy may be set for a gradual slowdown, but the world’s largest cosmetics company isn’t worried about business in the country being negatively affected. Instead, L’Oreal is pinning its hopes on the growing affluence of China’s middle class. “The growth potential [is] I believe unlimited in China because of this rise of [the] middle class,� L’Oreal China CEO Stephane Rinderknech told CNBC on......