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"Chinese demand will eventually slow within the next five years" - Patek Chief  0 Comments

Published Thursday, April 21, 2011 by Harry SK Tan |

 

According to Thierry Stern the CEO of Patek Philippe in a report in Bloomberg, he believes that it is wrong for the Swiss industry to over rely on China as the market to continue absorbing the bulk of the exports for Swiss Watches. According to the report, currently half of the exports from Switzerland go to China. However, due to factors mentioned by Stern, he expects that China will ultimately slow down its demand and that would leave the Swiss brands in a quandary due to the potential oversupply.

An interesting side comment that Stern made - unconnected to China - was his concern about the supply of sapphire glass for watches are dwindling.

Read the report from Bloomberg here -Patek Philippe Chief Says China Overinvestment Is a Mistake

- HT

 

 




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