“Rolex was one of the least affected by the economic crunch last year, according to a report, while the Swatch Group posted its first loss since 1983.
Chinese luxury consumers created a surge in Swiss watch exports to mainland China after starting to shop locally, with demand strong for mid-price brands.”
Read the full articlel @ SCMP (paywall):
As China enters a new phase of its economic development, its demand for higher-valued products like meat and dairy products is growing rapidly. In particular, China’s pork imports surge, driven by rising domestic demand and prices. The Chinese market is providing big potential to interested Swiss meat producers. However, to export meat to China requires an export license.
