In smartwatch war, Swatch goes for cheap, quick and China

By Tom Miles CORGEMONT, Switzerland (Reuters) - The world's largest watchmaker unveiled its riposte to Apple Inc's smartwatch on Thursday, announcing a plan to put cheap programmable chips in watches that will let wearers from China to Chicago make payments with a swipe of the wrist. Swatch Group will start offering watches with near field communication (NFC) chips within two months, chief executive Nick Hayek said at a news conference on the company's annual results which were re