14 CHINA DAILY | Friday, January 4, 2019 BUSINESS What’s news GOVT AND POLICIES A man with cases walks out of the Lord & Taylor flagship store on Fifth Avenue in New York. After 104 years, the store locked its doors forever. The department store, famed for its animated holiday windows, closed down on Wednesday, ending a blowout sale that left whole floors empty. XINHUA goods producing sector. Although ending the year with a softer overall expansion, the final quarterly average of 2018 was strong and quicker than that seen in 2017. COMPANIES AND MARKETS CV 100-300 million pairs of glasses sold in China every year 8 sets of new equipment are planned to be introduced to the country by Essilor We strongly believe it (the eyewear market in China) can triple in the coming decade, thanks to the very strong engagement of the government, and the joint efforts of hospitals and optical stores, to make eye correction as important as any other treatment but as enjoyable as shopping for a pair of sneakers.’’ Arnaud Ribadeau Dumas, president of Essilor Greater China The section is sponsored by Essilor.
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