Shanghai Watch shows Chinese improvements and market presence

First published: 12-02-2010

High-quality Chinese watches are being gradually introduced to the western market, with one new report highlighting the fortunes of Shanghai Watch and its international competitiveness.

The Wall Street Journal concluded that the eastern economic force is looking to take what it has learned from luxury Swiss brands and turn it into profit for themselves, stimulating the market to the point where it could possibly make the sector boom.

Speaking to the publication, managing director and watch specialist at Bonhams in Hong Kong Carson Chan said that there may be a "psychological barrier" for consumers of high-end watches to cross before Shanghai Watches makes an impact on the sector.

He continued: "I think you'll see the level of Chinese brands will continue to rise and compete on an international level."

Seiko watches, however, are making a push for glory in India, with the organisation planning to double business in the country through new outlets across the profitable market.

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