China to nurture world-class timepiece brands   

多部门力推钟表自主品牌发展

工信部、财政部等25日发布关于加快推进我国钟表自主品牌建设的指导意见，提出到2020年，自主品牌高、中、低档钟表产品销售额比例从目前的1∶14∶85转变为3∶22∶75，形成5个左右国际知名品牌、20个左右国内知名品牌，知名品牌企业高端产品质量接近国际同类产品先进水平。 [查看全文]

China aims to nurture five globally famed horologe brands through innovation in the next six years, it was announced Wednesday.

China will further boost sales of highend clocks and watches from one percent of total sales to three percent by 2020, according to the ministries of industry and information technology, finance and other watchdogs.

The government will focus on up intellectual property rights protection and engage in dialogue on international industrial standards to lift the quality and reputation of "Made in China" timepieces, according to the statement.

Switzerland, Japan and China dominate global production of clocks and watches, with the former two taking the lead in highend markets thanks to their established brands and technology.