From what I understand the dip was mostly due to an anti-corruption crackdown, because a lot of watches were bought as gifts/bribes. That's actually not specifi

From what I understand the dip was mostly due to an anti-corruption crackdown, because a lot of watches were bought as gifts/bribes. That's actually not specific to China, expensive watches have made an excellent bribe, but apparently Chinese were hoarding them in bulk for that purpose.