Luxury watchmaker IWC Schaffhausen has unveiled a new flagship boutique in the Chinese capital.

Shang Xia, meaning “up” and “down”, recently opened a second store in China, with a boutique in Beijing’s China World Mall.

The Chinese brand, established in 2008, is attempting to build a domestic luxury label in a modern Chinese aesthetic, and has added to its presence in Shanghai with a new store in Beijing.

Luxury watch brand MB&F has opened its first boutique in Beijing through a collaboration with local retail partners Ray Union and Europe Watch Co.

French luxury maison Hermès opened in July an exclusive store dedicated to its luxury watch collections in Beijing, China.

Master plans for the new mega airport in Beijing have been released by Dutch Airport Consultancy firm NACO. Located outside Beijing, it will have capacity for 130 million passengers per year, 23 million more than JFK and London Heathrow combined.

The Four Seasons hotel brand continues its expansion in China with the opening of its first property in Beijing. The opening is scheduled for September 28.

Located in the Lingmahe area of the Central Business District, the Four Seasons Beijing will be the 88th property of the brand worldwide.