Swiss Watch Exports Decline Most Since 2009 as Asia Plunges

Switzerland’s watch industry has been struggling in China since 2012, when the country began a crackdown on extravagant spending among government officials.

Photographer: Xaume Olleros/Bloomberg

Swiss watch exports slid the most in more than five years in July amid plunging shipments to Asia as Chinese tourists stayed away from Hong Kong and avoided South Korea following the outbreak of a deadly virus.

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