Chinese markets have a long history

Chinese markets have a long history, with evidence suggesting their existence as early as the 6th century BCE. The legendary sage Shennong was even credited with inventing the institution of markets, according to some ancient texts. By 201 BCE, formal markets like the Grand Market were established. Commerce began to play a more significant role in the economy during this period, with land becoming a valued commodity, and merchants gaining influence. Here's a more detailed look: Early Evidence: Market activity is documented as early as the 6th century BCE, with land becoming a valuable commodity and merchants gaining influence. Formalization: The Grand Market (dashi) was established in 201 BCE in the eastern part of the city, followed by the Western Market (xishi) in 189 BCE. Ancient Traditions: The legend of Shennong, a legendary sage credited with inventing the market, further points to the early importance of markets in Chinese civilization.