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The importance of this new 'public sphere' - a term which the scholar Jurgen Habermas described as an inclusive environment offering a free space for people to debate and share information - applies as vividly to these farmers as it did to the 17th century merchants exchanging market information in London's early coffee houses.
Its comparative advantage lies in having a great number of boots on the ground, with hundreds of entrepreneurs at markets, big and small, across the region all exchanging market intelligence daily to secure deals.
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Mr. Zhu is a member of an elite group of Chinese economists who blossomed intellectually in the 1980s, exchanging market-oriented ideas at frequent social meetings in Beijing and Shanghai, and then scattered to rise through the ranks of various Chinese bureaucracies.
This they did by intervening in the foreign exchange market.
Nowhere is that clearer than in the foreign-exchange market.
Trading volume in the foreign exchange market was thin.
"There are hiccups in the foreign exchange market," he said.
The global foreign exchange market consists of two elements.
The foreign-exchange market is vast, with $500 billion traded daily in the dollar-euro market.
Domestic and international currencies are traded at the Hong Kong foreign-exchange market.
In a foreign exchange market, there may be a standard, government-determined price, or par value.
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