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Silk Market:

Silk Street attracts approximately 20,000 visitors daily (from 9am to 9pm) on weekdays and between 50,000 to 60,000 on weekends as of 2006. This 35,000 square meter complex houses 1,700 retail vendors and over 3,000 salespeople spread over seven floors with three levels of basements. Many of the stalls have over the years gained local and internationally reputation for selling counterfeit luxury designer brands at relatively low prices. Some have carried on this trademark despite growing pressures from the management, the Chinese government, and famous name brand companies. Debuted on March 19th, 2005 and replacing the old alley based Xiushui Market, the current Silk Street establishment has diversified their business scope. In addition to selling fashion apparels & accessories such as hats, handbags, shoes, belts, sportswear, silk fabrics like their predecessor, the new Silk Street have introduced traditional Chinese handicrafts, antiques, calligraphy, carpets, table cloths, bed coverings, paintings, hand-knit dresses, toys, electronic gadgets, trinkets, and fine jewelry. Reputable Tongrentang Pharmacy, Quanjude Peking Roast Duck restaurant, and multinational coffee and restaurant chains such as Lavazza, SPR Coffee, Caffe L'affare, Subway (restaurant), and TCBY have also joined Silk Street's bid to become the "ultimate one-stop tourist destination" in Beijing. Invested and constructed by Beijing Xinyashenhong Real Estate Development Co., Ltd. and managed by Beijing Silk Street Garment Market Co., Ltd., Silk Street is built along Line 1, Beijing Subway next to Guomao (China World Trade Centre) with a direct basement link to Yonganli subway station.