Many people ask me about the new location of Xiangyang Market.
There are many versions to this answer since every emerging market is trying hard to claim themselves as the NEW Xiangyang Market. Non of the claim can be verified since as a market famous for fake goods, there is no official answer.
Shanghai Science and Technology Museum
It seems to ME that the one under the Shanghai Science and Technology Museum is the most similar one I saw so far.
There are some characteristic of Xiangyang Market:
1. Tons of small shops for cloth.
2. High price in offer, low price in final deal.
3. Fake goods – good with pretty good quality, but use the brand name they don’t own.
The new market is true in these three criteria.
Especially on the second one:
High Price in Offer, Low Price in Final Deal
Remember a rule: Never, ever pay more than 1/3 of the price they offer for the first time.
Example, for a jacket, if you are the price, they said: “300 RMB”, you typically can get it at 100 RMB or so.
For foreigners, their first offer is typically higher.
Take Metro #2 and it is at the Shanghai Science and Technology Museum. Do NOT exit the station. It is just at the basement level of the station.