Despite a strong increase in China, Swiss watch exports were down 35.1 percent in June. Entry-price watches suffered the most (down 48.1 percent), while the decline for the most pricey watches was less dramatic (down 33.1 percent).
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Renminbi Hub in Switzerland has 13 partner banks
In 2016, the China Construction Bank (CBC) established the Renminbi Hub in Switzerland and since then, is developing cross-border business with the currency in...