Tag Archives: Chinese consumption

Further economic deceleration is expected ahead.The official Chinese manufacturing purchasing manager indices (PMIs) came in at 49.4 in December, down from 50 in November and below the recent trough in early 2016. This brings PMI survey results below the crucial level of 50, entering contraction territory.The sharp deceleration was evident for both large enterprises and small- and medium-sized enterprises (SMEs), with the latter showing more weakness. The official PMI figure for large...

The most important driver of the Swiss watch industry’s recovery has been the revival of the mainland China market. After years of impressive growth, the Swiss watch industry faced difficult conditions in 2015 and 2016, when exports declined by 3.2% and 9.9% respectively in value terms. The last time that there were two consecutive years of decline was in 1995-96. The appreciation of the Swiss franc, the collapse of...

The most important driver of the Swiss watch industry’s recovery has been the revival of the mainland China market.After years of impressive growth, the Swiss watch industry faced difficult conditions in 2015 and 2016, when exports declined by 3.2% and 9.9% respectively in value terms. The last time that there were two consecutive years of decline was in 1995-96. The appreciation of the Swiss franc, the collapse of the top market Hong Kong due to the sudden disappearance of Chinese tourists...