An overview of what happened in the Sino-Swiss business environment, from December 30st to January 6th.
BUSINESS:
Luxury goods stocks tumble
Luxury goods stocks tumble due to weaker consumer spending in China; Swatch is also affected (TheStreet).
Cyber insurance market will grow
The cyber insurance market in Asia-Pacific shows excellent potential, according to Zurich Insurance (Shine News).
Richemont joins Alibaba’s counterfeiting alliance
Richemont joins the AACA, Alibaba’s Anti-Counterfeiting Alliance.
FINANCE:
UBS CEO sees great potential in the Chinese market
UBS CEO Sergio Ermotti sees many
HEALTHCARE:
China now approves foreign drugs faster
Due to policy amendments, Novartis drugs get approved a lot faster in China (China Daily).
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