Swiss Watch Exports Collapse

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Swiss Watch Exports Collapse
Lady Serenade Courtesy of Glasshütte Original
Emel Akan
Updated:

Swiss watch exports fell 16 percent year-on-year in June 2016, logging the highest ever drop according to the Federation of the Swiss Watch Industry.

China and Hong Kong, two of the world’s largest markets for the luxury watches, lost the most since a financial crisis in China started in mid-2015. Hong Kong reported a steep downturn for the 17th consecutive month, while China showed some signs of recovery in June.

(Bloomberg)
Bloomberg
Emel Akan
Emel Akan
Reporter
Emel Akan is a senior White House correspondent for The Epoch Times, where she covers the policies of the Trump administration. Previously, she reported on the Biden administration and the first term of President Trump. Before her journalism career, she worked in investment banking at JPMorgan. She holds an MBA from Georgetown University.
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