As China's earliest free market and the most famous commercial brand, "Siushui Street" has a history of nearly 30 years and goes hand in hand with China's reform and opening up. Lao Xiushui once withdrew from the stage of history due to serious counterfeiting problems, poor hardware facilities, and major fire safety hazards. Until March 19, 2005, the Xiushui Street Market debuted with a brand new look, opening the most glorious new chapter in the history of "Siushui Street". Since its opening, Xiushui Street has won the favor of guests from all over the world with its service concept of "international quality, reasonable price". Among them, products with the most ethnic characteristics, such as fine clothing, silk, pearls, porcelain, tea, handicrafts and Chinese delicacies including Quanjude roast duck, are very popular among consumers around the world. Over the past two years, hundreds of dignitaries from around the world and their wives, as well as countless international cultural and sports stars, have frequently visited Silk Street, highlighting Silk Street's unique status as China's number one foreign-related market.

During the Forum on China-Africa Cooperation, Xiushui Street, as a designated reception market, successfully received more than 290 ministerial-level and above dignitaries from African countries, and was rated as "Advanced in Beijing's Reception Guarantee for the Forum on China-Africa Cooperation Beijing Summit" Unit"; in January 2007, Xiushui Street Market was designated by the Beijing Municipal Government as a "Commercial Street with Characteristics for the Olympic Games" and is an important social unit responsible for the reception of the 2008 Beijing Olympic Games. At the same time, Silk Street has also been focused on and widely reported by the central media. In June 2007, the overseas edition of "People's Daily" reported on Silk Street in a large area. In October, CCTV1's "Focus Interview" column reported on the party building work in the Silk Street market. .