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And so, in August, the 165-year-old Neiliansheng opened a pop-up shop in Sanlitun, Beijing's key commercial zone, to present its new avatar.

And authorities in Shenzhen, Guangdong province, are coming up with a raft of measures to stimulate the business.

And the best defense is a good offence. Last week, the German carmaker developed its Jetta model into a standalone brand, hoping to get a slice of China's entry-level market by tapping into the model's national success.

Andrew Moody has spent nearly 10 years getting to know China, and he is now one of the most prolific writers in interpreting its stories for the world. The award winning British journalist, who is China Daily’s senior correspondent, has written more than 150 cover stories for the paper's European Weekly and African Weekly, examining a wide range of issues including the Belt and Road Initiative.

An updated action plan was unveiled by the Beijing government on Wednesday detailing development of the city's southern area over the next two years.