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New Silk Alley Market to open this week
The new Xiushui market will open officially on March 19th. Yesterday, the developer promised that goods sold in the new Xiushui would cost substantially less than those sold in the old Xiushui.
On the 19th, the subway leading to the new Xiushui will open officially and visitors will not have to leave the station to get to the market; rather, they will be able to walk directly in. It has been reported that, in order to add to the attraction of the new Xiushui, merchants will advertise surprisingly low prices in the first week after opening. The developer also said that low prices will never mean inferior products sold at the Beijing establishment. Starting this year, the new Xiushui and Beijing Capital Tourism Group have created exciting new tourist routes that include the market. The developer of the new Xiushui added that because of this joint effort, the number of visitors to the new Xiushui would increase by four to five million every year. In order to make it convenient for foreign visitors to go shopping, the China
Banking Regulatory Commission gave special approval to the new Xiushui, allowing
household businesses to be the first to accept foreign currency payment by
credit card.
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![Customers, both Chinese and foreigners, are busy shopping at the Xiushui silk market, a bustling outdoor market in Beijing, December 20, 2004. The market will be closed next month due to safety considerations. [newsphoto]](xin_171201210945484184186.jpg)
