China has overtaken the US as the largest luxury watch market, according to the WorldWatchReport, a leading market research report for the watch industry that tracks watch-related internet search terms.
For the first time since the study launched in 2004, China surpassed the USA as the country exhibiting the highest demand for luxury watches, representing 23% of all watch-related searches. (continue reading…)
By GEOFF NAIRN
China is a land of opportunity for business, but it is also a land of counterfeiting and intellectual property theft
Few consumers get fooled by street markets selling luxury handbags at knock-down prices. But there are many cases where it is difficult for buyers to distinguish counterfeit goods from the real thing. As more manufacturing shifts to China, businesses in the west need to learn how to value their intellectual property and protect it [...]