I remember a decade+ ago in Beijing and Shanghai we had a blast with the wildly public fake/cheap markets. These days you can still find fake/cheap luggage, clothes, watches, shoes, and electronics, but they are more hidden. Once you get to these places you find hawkers for the more name brand watches and bags that at least publicly is illegal but still widely available.
It was a life lesson for my kids, they were excited as kids and these day had almost no interest, they learned you get what you pay for. Buy cheap, buy twice or three times and end up spending more, LOL
But do have fun shopping, I still visit a few times a year, just shopping