CHINA TO ISSUE ACT ON DIRECT SELLING, AVON BECOMES PILOT
AsiaInfo Services, April, 2005
AsiaInfo Services 04-12-2005 China to Issue Act on Direct Selling, Avon Becomes Pilot BEIJING, Apr 12, 2005 (SinoCast via COMTEX) -- China's act on direct selling is around the corner while Avon China wins the front-runner position. On April 8, 2005, Andrea Jung, CEO and Chairperson of Avon Products Inc.
(NYSE: AVP), announced that it secured the first license from the Chinese government to test direct selling in Beijing, Tianjin and the southern province of Guangdong. The experiment will provide important experience and solid basis for the Chinese act on direct selling, which is still under edition and likely takes effect from this May. Avon China, the Chinese subsidiary of the world's leading beauty product direct seller, will still take single-level...
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