Only 10 percent of the city's time-honored brands make a profit, and those with the potential to succeed overseas are limited.
Shanghai jewelry brand Lao Feng Xiang opened a 400-square-meter store on Fifth Avenue just before Christmas. Its neighbors now include Tiffany, Cartier and Bvlgari.
When Victoria Allan initiated her "bold" idea of redeveloping a tong lau, a tenement building built in early 20th century, in Hong Kong's Western District nine years ago, the Australian entrepreneur had no idea the project would take nearly a decade of labor.
Chunghwa is a brand of pencil that many generations of Chinese have used to practice writing Chinese characters for the first time. But when it is exported overseas, it is labeled differently so that it appears to be a non-Chinese brand.
Violence against parallel traders and mainland visitors in Hong Kong has triggered widespread concern among academics and even the most radical faction in the opposition camp.
National prosecuting departments will attach great importance to investigating corruption among government authorities and high-ranking officials in key positions.
Chinese courts will continue to fight terrorism-related crimes and sentence attackers strictly this year to ensure national security and stability, the country's top court said on Thursday.
China is "closely watching" Japan's policy agenda and stances this year related to history, according to a senior Chinese diplomat.
Local villagers snatch fake and counterfeit goods to be destoryed at a landfill on the outskirts of Xuzhou city, East China's Jiangsu province.
Times Higher Education (THE) published the 2015 THE World Reputation Rankings on Wednesday, revealed a new round of the top 100 universities across the world.
Regulations covering individual visits to Hong Kong and multiple-entry permits are to be revised to promote contact between tourists from the mainland and the region's residents.
The legislature of the Xinjiang Uygur autonomous region plans to draft a regulation by 2016 to curb religious extremism.