Beijing has decided to relocate its well-known Zoo Market in order to improve downtown functions and relieve overcrowding and traffic jams. [File Photo]

In order to improve the city's downtown functions, as well as relieve its overcrowding and traffic jams, Beijing has decided to transfer several of the area's wholesale and distribution venues. The well-known Zoo Market is also on the waiting list.

The Zoo Market, a massive wholesale market located near the Beijing Zoo, will move out of the city's downtown area and its wholesale industry will be transformed into retail business, exhibition and e-commerce venues. Its new site and exact timetable for the relocation have not been confirmed yet.

The relocation of the Zoo Market is part of the industrial upgrading planning taking place in the downtown area, but does not mean that a transfer plan makes for a one-size-fits-all policy, one official with the local government said during a press conference Tuesday.

Key words of the industrial upgrading in this area include "transformation, adjustment, removal and merger."

According to statistics published in early 2013, there were about 13,000 booths located in the Zoo Market, and more than 30,000 employees, with a daily customer flow of more than 100,000.

The relocation is so complicated that a timetable is not yet available at this moment, said the official, but market research and policy studies are ongoing for the transfer plan.

The low-end warehousing industry of yet another wholesale market in the Dahongmen area will also be moved out of the city center.

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