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Slow increase
By Emily Ford |
01:13 UTC+8 April 25, 2012
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Print Edition
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CHINA'S imports of Swiss watches grew more slowly in March than in preceding months, adding to fears its appetite for luxury may be waning.
Exports of the luxury watches to Chinese mainland grew 13 percent on an annual basis last month, after rising 38.9 percent in February, figures from the Federation of the Swiss Watch Industry showed yesterday. Those to Hong Kong grew 10 percent against 58 percent in February.
Overall exports rose 15.2 percent year on year in March to 1.6 billion Swiss francs (US$1.8 billion).
Exports of the luxury watches to Chinese mainland grew 13 percent on an annual basis last month, after rising 38.9 percent in February, figures from the Federation of the Swiss Watch Industry showed yesterday. Those to Hong Kong grew 10 percent against 58 percent in February.
Overall exports rose 15.2 percent year on year in March to 1.6 billion Swiss francs (US$1.8 billion).
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