Iconic Beijing wholesale market to close

2017-11-17

Beijing's largest clothing wholesale market will soon be a thing of the past as Dongding, the last of the wholesale district's 12 shopping centers, is set to close in two weeks.

According to a guideline, the city's key functions of politics, culture, international communication and technical innovation will be prioritized, while other sectors will be moved out of the capital.

Built in the mid-1980s, the Beijing Zoo wholesale market was labeled a "paradise" for young women who wanted to look fashionable on a budget. It used to attract 100,000 customers daily.

Some cities and counties of neighboring Hebei Province are luring tenants from the Beijing market with lower rent and taxes. The void of the Beijing site will be filled by high-tech and financial businesses.

Dahongmen, another famous wholesale business district in Beijing, will also disappear. Forty-two of its 45 wholesale malls have already been closed, and the others will be shuttered by the end of this year.

In the first half of this year, Beijing closed or relocated 495 manufacturing enterprises and 131 wholesale malls, and dismantled illegal construction covering more than 30 million square meters.

Beijing's service sector now accounts for more than 81 percent of local GDP, higher than most developed countries. In addition, finance, scientific and technological services, and IT industries contributed more than 53 percent of the city's economic growth from January to September.

Xinhua