Silk Street, aka Silk Market or Silk Street Market, is a shopping center in Chaoyang District, Beijing, that accommodates over 1,700 retail vendors, notorious among international tourists for their wide selection of counterfeit designer brand apparel.
The Silk Street attracts approximately 20,000 visitors daily (from 9am to 9pm) on weekdays and between 50,000 and 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 international 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 brand-name companies.
Opened on March 19, 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 and accessories such as hats, handbags, shoes, belts, sportswear and silk fabrics like their predecessor, the new Silk Street has introduced traditional Chinese handicrafts, antiques, calligraphy, carpets, table cloths, bed coverings, paintings, hand-knit dresses, toys, electronic gadgets, trinkets, and fine jewelry. Reputable establishments such as the Tongrentang Pharmacy, Quanjude Peking Roast Duck restaurant, and multi-national coffee and restaurant chains such as Lavazza, SPR Coffee, Caffe L'affare, Subway 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.
The Silk Street is located at Yonganli, just west of the China World Trade Centre and is accessible by subway (line 1) and bus.