Shanghai closes Xiangyang Road market
(Xinhua)
Updated: 2006-07-01 10:42
The Xiangyang Road market, a downtown outdoor bazaar famous for cheap fake
brand goods in Shanghai, was ordered to close Friday, said the municipal
government information.
The market, located off the main Huaihai Road in downtown Shanghai, has
attracted buyers from both home and abroad looking for deals on
counterfeit goods of such world-famous brands as Louis Vuitton, Hermes, Chanel
and Prada.
Business transactions were ordered to end at 9:30 p.m. Friday, and all stalls
in the market will be cleared out by July 7, according to the city's government.
The market has about 800 shops and had an annual trade volume worth more than
400 million yuan (US$50 million).
A staff
member closes the door of Xiangyang market which was closed at half past nine on
Friday evening in Shanghai June 30, 2006. [Reuters]
(For more biz stories, please visit Industry Updates)
|
