Post by Knight Watchman on Sept 3, 2007 23:39:09 GMT -5
Confucius's Asian Watch Fact of the Knight
Chinese-brand watches, such as "Shanghai", "Seagull" and "Five Star," regarded as status symbols in China 30 years ago, have been steadily losing their lustre due to the influx of foreign brands, according to a recent report from the China Business News.
Home-brand watches account for 70 percent of the market in quantity, but expensive foreign watches account for 70 percent of sales value.
Source- People's Daily Online
