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15:17 Mar 16 2010

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Wholesale market expected to bring 20 mln turnover
15:17, March 16, 2010  

Saixin Market, which was built at the end of 2009 in Lhasa, has opened for only two months and the turnover in this period is estimated to surpass 20 million yuan, according to Mr Lei, principal of the market, on March 14.

Mr Zhang, a businessman selling hardware in the market, had worried about his business when Saixin Market just opened. However, his turnover for each month has hit 100,000 yuan, much better than what he expected.

"As Saixin Market has more than 10,000 categories of commodities, the turnover will rise more when meeting boom season," said Mr Lei.

(1 USD equals about 6.82 yuan.)

Source: China Tibet Information Center

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