Located on the extended line of Chang’an Avenue, Silk Street is in the center of the CBD area with office buildings, luxury hotels, and high level shopping malls.
Previously an outdoor market, it is now a shopping mall, which accommodates over 1,000 retailers and is regarded as one of the symbols of Beijing together with the Great Wall, the Summer Palace, and Peking roast duck. Many foreign visitors, including some celebrities, enjoy Silk Street for shopping or having their clothes tailor-made. The former president of the US, George Bush, once went there with his daughter to buy some silk robes, and the wife of Jacques Rogge (8th President of the International Olympic Committee) also went there to buy traditional Chinese dough figurines.
The Silk Street Market (Xiu Shui) reopened for business in its shiny new 5-story shopping mall in March 2005, replacing its notorious predecessor, the outdoor Xiu Shui market. In so doing, it has become the inner city's one-stop tourist shopping paradise. Its name is now written in English across the entrance as simply "Silk Street".