Largest wholesale market in Beijing to close

Updated 2017-09-06 15:00:43 China.org.cn
Tianyi Market, the largest small goods wholesale market in Beijing, will close on Sept.19, 2017.

Tianyi Market, the largest small goods wholesale market in Beijing, will close on Sept.19, 2017.

After 25 years of operating in Fuchengmen, Tianyi Market, the largest small goods wholesale market in Beijing, will close on Sept. 16, 2017.

It is part of a citywide crackdown on Beijing's wholesale markets as part of efforts to decrease the population in the city. The low-end businesses and wholesale markets will be transferred to neighboring Hebei Province.

The Beijing government is planning to remove all of the wholesale markets within its Fourth Ring Road by 2020 in order to keep Beijing's population under control.

Vendors will be compensated by Tianyi Market and relocated to Heibei.

"I have not found a new market to continue my business, but I think I will take a rest and then find a new market to do business in the future," said Mrs. Li, a vendor in Tianyi Market.

Some vendors in Tianyi Market have already begun to move to online retailing. "We can use WeChat to inform customers of our new address, any other news as well as conduct sales," said Mrs. Wang, who has been in Tianyi Market for more than ten years.

With the deadline approaching, many customers including foreign residents have come to find bargains as the vendors begin to clear their stock.

"Tianyi Market has always been my first choice because the quality of products are good and the price is cheap, and I can buy almost everything here," said an old customer, who brought his foreign son-in-law and two grandsons to the market.

According to the Xicheng government, Tianyi's closure will make space for technology, finance, and other high-end services.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58October 20 2017 23:52:35

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16October 20 2017 23:52:35

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18October 20 2017 23:52:35

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords