Luxury Watches are Displayed at a Store in Beijing

Luxury Watches are Displayed at a Store in Beijing

Keith Bedford/Bloomberg

Luxury watches are displayed at a store in Beijing. Exports to greater China, which imports more than a quarter of Swiss watch production, dropped 8.5 percent in the first 11 months of 2013 as that country cracked down on the use of luxury goods as bribes and illegitimate gifts.