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��Home>>Business
Xiushui Street aims to regain customers favor
www.chinanews.cn 2007-04-27 09:05:18
Xiushui Street market (File photo)
Chinanews, Beijing, Apr. 27 �C Xiushui Street in Beijing was once a role
model for the success of non-governmental free trade business in China.
However, as China strengthened its efforts to protect intellectual
property rights, Xiushui Street, which boosted its business mainly by
selling fake foreign-brand products, suffered a setback. Today when China
is fighting hard against IPR infringement, Xiushui Street has to think of
a new mode to continue its prosperity, the Market News reported.
Back in 1982, some street vendors started to sell clothes and small
daily-use commodities on Xiushui Street. However, it was not until 1995
that large numbers of fake products began to dominate the market. At that
time, businesspeople from across the country gathered on Xiushui Street
to sell fake products.
On January 7, 2005, the old street was torn down for renovation. Two
months later, on March 19, 2005, business reopened on Xiushui Street.
However, it continued to sell fake products and such practice ended in a
law suit. On April 18, 2006, five famous international manufacturers sued
vendors at Xiushui Street. The Beijing Municipal Higher People's Court
ruled that the vendors had infringed the international companies'
trademarks. It ordered the vendors selling fake products and the Beijing
Xiushui Street Company to pay 20,000 yuan in compensation for each of the
five manufacturers. Later, all street vendors that sold fake products
were ordered to close their business.
The event served as a turning point for Xiushui Street. From then on, the
Beijing Xiushui Street Company and its vendors decided not to sell fake
products any more. On April 26, 2006, some 1,000 vendors at Xiushui
Street vowed on a public occasion that from then on, they would say
��no�� to fake products and would start to promote domestic products.
Soon, six famous domestic brands, including Tongrentang, Quanjude, and
Ruifuxiang, settled in Xiushui Street. Now, eating Peking Duck and
shopping at Xiushui Street have become a must for foreign visitors to
Beijing.
Nowadays, traditional Chinese handicrafts, silk products, pearls,
tealeaves, chinaware, traditional Chinese brand products, etc, have
become the major items sold on Xiushui Street. When visiting the street,
customers will be attracted to the fine art pieces, silk clothes and
delicious Peking roast ducks sold there. Things like these offer a chance
for visitors to get a glimpse of the authentic Chinese culture.
��Great changes happen in Xiushui Street market
��Businessmen expelled from Xiushui Street for selling fake products
��Xiushui Market vows rejection on fake products
��Foreigners favor New Xiushui Market
��Xiushui Market closely monitored for govt IPR protection
��Without fakes, what will Xiushui Market sell?
��
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