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Marketplace Wikipedia One anecdote from the time of Empress Wu relates the tale of a fourth rank official who missed out on the opportunity for promotion after he was seen purchasing a steamed pancake from a market. The earliest written references to markets dates to the time of Qi Huanggong . Qi's Prime Minister, the great reformer, Guan Zhong, divided the capital into 21 districts of which three were dedicated to farmers, three to hand-workers and three to businessmen, who were instructed to settle near the markets. Some of these early markets have been the subject of archaeological surveys. Paris was one of the first European cities to implement a system of formal, centralised and covered market places. Les Halles, a vast centralised wholesale market, was known to be in existence at least by the 13th century when it was expanded, and was only demolished in 1971 to make way for an underground shopping precinct. The French system of organised, designated central retail markets