• Panjiayuan the Mighty
From my point of view, one of the greatest developments in China during the last decade or two is the emergence of free marketplaces such as Panjiayuan in Beijing. Or should I say re-emergence. For the Chinese people have long been some of the most astute buyers and sellers on the face of the earth. These impulses were severely curtailed during several decades of the twentieth century thanks to Mao Zedong’s Communist reforms, which discouraged private ownership of goods and property.
Those days are long gone. Panjiayuan is proof that capitalism flourishes in modern China. Every weekend, an estimated 50,000 people visit Panjiayuan, possibly the world’s largest…

