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China's economy is firming, with its GDP expanding 6.9 percent year-on-year in the first three quarters, and 6.8 percent in the third quarter, the ninth straight quarter for China to see economic growth of at least 6.7 percent, all adding to evidence that the economy is on a steady footing.

China's economy will continue to rebound in the second quarter but the recovery pace may be constrained by external uncertainties and a global downturn, therefore stronger domestic policies are needed to ensure a steady recovery for the rest of the year, economists said.

China's economy expanded 6.8 percent year-on-year in the first three months, above an annual target of around 6.5 percent, official data showed.

China's major industrial companies registered robust profit growth in the first two months of the year, and NBS statistician He Ping attributed this to increased industrial production, raw material price increases and an uptick in profitability.

China's cosmetics market was estimated to be worth 205 billion yuan (.8 billion) in 2015 and is forecast to be worth 361 billion yuan in 2020, making China one of the fastest growing markets for cosmetics, the market research firm Ibaogao says.