Panjiayuan Antiques Market
Address: Panjiayuan Market (潘家园旧货) is in the southeast corner of the Third Ring Road, just east of Longtan Park. In Chinese: 潘家园桥西.
Life-sized terracotta warriors? A scorpion encased in clear plastic and made into a keychain (or lovely pendant)? Seven-foot blue and white porcelain vase? They have it all as well as things you'd actually bring home (though kids love those scorpions). From pearls and beads to old Peking Opera costumes, this place is a treasure trove.
Address: Liulichang Street near Nanxinhua Street. Liulichang (“lyoh lee chahng”) market is near the Hepingmen Peace Gate “heh ping muhn why dah jee-ay”. Here’s the address in Chinese: 琉璃厂文化大街, 和平门外大街.
Similar in nature to Yandai Xiejie, Liulichang is a street chockablock with curio, books, tea and antique shops. An area where scholars and academics liked to congregate in Ming times, the shops are filled with related objects such as calligraphy scrolls, ink stones, Chinese brush art and old books. Famous shops include Rongbaozhai, Qingmige, China Bookshop and Haiwangcun.
Sanlitun Village Shops
Address: Courtyard 19, Sanlitun Road, Sanlitun Area. Chinese address: 三里屯路19号院，城市宾馆北面.
If you're looking for Chinese curios, then there's no reason to visit the Village. The Village comprises lots of familiar brands such as Adidas' flagship store as well as Apple's. Do go to see what your favorite stores back home have in the Chinese market.
Hong Qiao Pearl Market
Address: Near the Temple of Heaven, Hongqiao Market (红桥市场) or “hong chow sheh chahng” is located at 36 Tiantan Donglu, Chongwen. In Chinese: 天坛东路36号.
Choose your floor based on what you want: the ground floor has watches, mobile phones, sunglasses and more. Fake? Yes! Whatever you do, don’t believe them. Nothing is real, so get ready to bargain hard. The second floor is all clothes, stall after stall of fake jackets, shoes, and bags. It’s cheap but you should check quality. The top floor is your pearl heaven. Go crazy, but find out how to buy pearls before you try your hand at bargaining to find the best deal.
Yandai Xiejie (Old Pipe Street)
Address: Yandai Xiejie (烟袋斜街) near Houhai. (“Yandai Xiejie” is actually the name of the street and folks will know what you’re talking about.) Pronounced “yan die shee-ay jee-ay”. The address in Chinese is 烟袋斜街.
This street was originally the site of long-stemmed pipe vendors (thus the name). Located in an 800-year old hutong neighborhood that hasn’t been bulldozed for the Olympics or otherwise, you can get a feel for an ancient neighborhood while browsing through antiquities, minority shops and galleries. There are plenty of cafés and bars to assist you should you need refreshment.
Xiushui (Silk Street Market)
Address: 8 Xiushui Dongjie, Jianguomen. In Chinese: 建国门秀水东街8号.
If you are looking for a relaxed, browsing-type shopping experience, DON'T GO THERE. This is dog-eat-dog survival-of-the-fittest type shopping. Hawkers will lure you in and will drive hard bargains. Keep your wallet safe from pickpockets. If you're after knock-offs, cheap clothes, toys (3F), and other Chinese crap, then this is it. You'll come out loaded down but keep your wits about you and bargain hard!