Hot words
China Daily | Updated: 2009-03-21 08:05
口红效应(kouhong xiaoying)
Lipstick Effect
An economic phenomenon that refers to the booming development of a certain industry in sharp contrast of the economic slump. At a time of economic crisis, consumers usually remain hesitant to buy luxury commodities due to the declining purchasing power and thus turn to consumption of some low-price commodities. Lipstick, as a cheap article of daily use, thus becomes particularly popular among female consumers.
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