Videos about market, China

PanJiaYuan Curio Market, Beijing 潘家园旧货市场

A very large market of antiques, painting and craft materials, and curios of all kinds, including large sculpture items. A fascinating place to visit ...

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A trip to an indoor clothes market in BeiJing 北京

Five massive floors with hundreds of stalls on each ...

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Relaxing in BeiJing 北京

Sticker Travel visit PanJiaYuan curio market, join the fun at the Temple of Heaven park, then head over to ShiChaHai to relax in a lakeside bar at QianHai ...

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PanJiaYuan 潘家园 market, BeiJing

A huge and lively semi-outdoor market with something for everyone.

If you only go to a market once in Beijing, take a trip to this colorful outdoor bazaar that sells all kinds of antiques, arts and crafts. It is located in south west Beijing, just east of LongTan Park. Although open everyday, it is most lively at weekends when far more stalls are open.

Nearly the whole range of desired objects can be found here : jade, Tibetan and other ethnic crafts, books, artworks, communist memorabilia, coins, jewelry, statues, beads, silk, porcelain, musical instruments, furniture ... Not all the antiques are genuine so if you need certainty it is probably best to shop elsewhere. If you're just looking for a curio, this is a great place to go. If you want a bargain, remember to bargain!

It was once called 'Ghost Market', which essentially meant black market. As word spread, people from far and wide would come here to sell what they could in times of need and by around 1990 the narrow hutong lanes were so crowded at the weekends that traders spread to a small nearby wood and sold their wares among the trees. This was when it gained the name 'Dirt Market'. So popular was the market that the authorities eventually legalised it, built a market structure and now rent out spaces within it.

Don't miss: the giant statues that are to be found on the right hand side (if standing at the entrance looking in).

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SuZhou Market Street at the Summer Palace, BeiJing 北京

Filmed in October 2010.

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A quick guide to PanJiaYuan curio market in Beijing 北京

Note that PanJiaYuan Market is open everyday, though more popular at weekends.

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PanJiaYuan arts and crafts market, BeiJing 北京

A semi-open market with a wide variety of goods, including antiques and curios.

Especially popular at weekends when additional sellers are present. Starts from very early morning.

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Adjusting economic development

[At the recent Davos meeting] China’s feisty new-generation leader (and premier-in-waiting), Vice-Premier Li Keqiang, declared, “we must change the old way of inefficient growth and transform the current development model that is excessively reliant on investment and exports.”  Beijing is getting serious about boosting internal consumption.

Li announced, “We will focus on boosting domestic demand.” Coming from Washington such words would inspire a yawn. Coming from the future leader of China, the word “transform” demands attention.

Beijing has the resources and power to transform its economy. We’ve seen proof of that in the past year.

Li listed a number of initiatives including a stronger health care safety net and to subsidizing rural poor to buy household appliances. As Li sees it, “The growth in domestic consumption in China will not only drive growth in China but also provide greater markets for the world.” That’s encouraging news for global companies who wish to sell to an increasingly wealthy Chinese consumer, and for Chinese firms looking to expand internally.


China’s economy surges ahead

China becomes the world's largest car market

China's auto market, which overtook the United States as the world's largest earlier this year thanks to a raft of policy incentives, has been a major bright spot amid a global industry downturn.

In the first 11 months, a total of 9.23 million passenger cars were sold in the country, up 49.70 percent from a year earlier, data provided by the China Association of Automobile Manufacturers showed.

The people power behind 'Made in China' is increasingly affluent as wise governance sees China surge ahead.

December 2009 trade boom

Growth in China's exports and imports last month flew past expectations, providing fresh evidence of the vigour of the economy and strengthening the case for Beijing to let the yuan start climbing again.

Exports leapt 17.7 percent from a year earlier, dwarfing the 4.0 percent rise forecast by economists and breaking a 13-month streak of year-on-year declines; imports surged 55.9 percent, much more than the 31.0 percent increase markets had expected.

China to be world's largest consumer market within next decade

BEIJING (Reuters) - Household income in China surged in the last six years, especially for top earners, putting the country on track to eclipse the United States as the biggest consumer market in a decade, Credit Suisse said in a report on Tuesday (11th Jan. 2010).

The bank's survey of 2,700 respondents showed a big rise in property and car purchases, underscoring why many investors are betting big on a rise in China's consumer sector.

"The next big theme for China in the new decade is the rise of private consumption, in our view," said Dong Tao, China economist with Credit Suisse in Hong Kong. "It is likely to provide a badly needed source of spending for the rest of the world, promoting a global rebalance of trade, consumption and growth."

Based on growth in household income and estimates of economic growth, he expects the share of China's private consumption to GDP to reach 23.1 percent in 2020, just surpassing the U.S. ratio at 22.9 percent. Critics accuse China of contributing to global economic imbalances by saving too much. However, the amount that Chinese consumers save relative to household income has dropped to 12 percent in 2009 from 26 percent in 2004.


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