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@nick_h.
Headline in the FT: "Chinese investors pick luxury watches over houses"
https://www.ft.com/content/a9a34f94-9a49-4938-ae9e-ec4e6d2f4838
"China’s once enthusiastic property investors are turning their attention to luxury watches as a better store of value in the face of slowing economic growth and President Xi Jinping’s intensifying campaign against housing speculation.
The shopping spree, said experts, has contributed to a 40 per cent surge in China’s imports of Swiss watches in the first 10 months of this year even as the broader economy cooled off."