Silk Street market is located in Xiushui East street, Chaoyang district, abuts on the southeast of Ritan embassy and consulate. Now there are 410 booths and nearly a thousand staffs working here. Yearly turnover amounts to over RMB one hundred million. Most of the foreign costume sold here are given prominence to culture connotation of the tour, including silk production and souvenirs, etc. It is a silk street contacts both Chinese and foreign civilization. Silk Street is one of the most famous markets after reformation and open up policy (the other one is Yabaolu apparel market). Silk Street is located in "the first embassy district", east of Jianguomen. In the north is Embassy of the U.S., in the west is Qijiayuan Foreign Flat, in the east is the East Bridge residential area. There are about 250 booths in Silk Street before. Most of them run business of garment. Because there are many embassies here, the street is also called Embassy Street.

       After several years' development, Silk Street has now become one of the most famous business streets all around Beijing. Here you can purchase not only chinese traditional silk products and exquisite handicrafts, but also many kinds of foreign well-known brands. Many customers here are foreigners with roman nose, golden hair. They bargained with blunt Chinese and at the same time gestured to the peddleries.

        Most of the peddleries in Silk Street can recommended their products and bargained with simple foreign languages, some of them even told the price on calculator. It can be called one of Beijing's famous scenes.

        A great deal of products in Silk Street are marked with processing or buyback arrangements. You can frequently find some famous foreign trade marks which could only be found in fashion magazine. As the story goes a Italian bought some italian famous costume and watches. They were authenticated true after he went back Italy! So Silk Street attracts many young men for fossicking.