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Shiseido lifts 2017 profit outlook on Chinese demand

Upscale cosmetics perform well in Asia as US struggles continue

An Aupres counter at a department store in Beijing.

TOKYO -- Shiseido upgraded its net profit forecast for 2017 on Wednesday due to brisk sales of high-end cosmetics to Chinese consumers both in China and around Asia.

The Japanese company now projects a 1% increase in net profit to 32.5 billion yen ($295 million), a reversal from a 19% decline forecast earlier.

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