ecns [expanded by feedex.net]: Shanghai's time-honored brands a dying breed

ecns [expanded by feedex.net]

ecns

Shanghai's time-honored brands a dying breed
http://www.ecns.cn/business/2015/03-23/159034.shtml
Mar 23rd 2015, 02:10

2015-03-23 11:10 China Daily Web Editor: Si Huan


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.


Many famous local brands either were, or still are, hard to find, including Hongdeng (Red Lantern) radios and the Butterfly sewing machine.


When overseas Chinese returned to the mainland in the early 1980s, they went directly to those brands out of a sense of nostalgia.


Many bought embroidered shoes from Xiaohuayuan (Little Garden), overcoats from Hongxiang, and Ningbo-style glutinous-rice dumplings from Meixin.


Sadly, most of the brands only remain as memories.


A survey conducted by the Shanghai Academy of Social Sciences shows that only about 10 percent of Shanghai's time-honored brands are still making a profit. The rest are struggling or have shut down.


The more than 2,000 time-honored brands across the nation show a similar pattern, according to a research report from Beijing Technology and Business University.


About 27 percent of old local brands fall into the food category. A further 13.9 percent specialize in dining and restaurants, while 14.4 percent produce clothing, shoes, hats and other apparel.


But many have fallen by the wayside after failing to compete with state-of-the-art technologies and international brands.


As a result, municipal authorities launched a campaign to rejuvenate interest in, and sales of, these old brands by providing capital support and favorable policies to certain companies, according to Shao Yuling, secretary-general of the Shanghai Time-Honored Brand Association.





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