I checked out the Hongqiao Market just to browse around and see what they were selling. It was mostly electronics, cashmere clothing, and pearls (each separated by different floors). There was not much to see, and observing the interaction between foreigners and shopsellers, the latter were quite aggressive, and there were many times when the customer would just leave.
Overall, I don't recommend this place for both browsing and shopping. I preferred the Silk Street, not because of the price but because of the greater variety of things to browse and its atmosphere is less gloomy than Hongqiao Market's.
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