In an effort to crack down on fake goods Beijing's Xiushui
Market, better known as Silk Street market, has set up an
Intellectual Property Rights (IPR) Protection Fund. The
30-million-yuan fund (US$3.6 million) comes from revenues collected
from the market's tenants, the Beijing News reported
Thursday.
On Wednesday the first group of 30 vendors at the popular
tourist shopping haunt received a total of 10 million yuan in rent
refunds from the market as a reward for respecting IPR protection
laws last year. General manager Wang Zili said the market would
endeavor to gradually improve its image.
Xiushui has two main markets--one selling traditional goods such
as silk and tea mainly to overseas customers and the other
selling?fashionable clothes and ornaments mainly to domestic
customers.
(Xinhua News Agency September 1, 2006)
