What ring does Panjiayuan belong to?

Fourth Ring Road. Panjiayuan, located between the Southeast Third Ring Road and the Fourth Ring Road, was just a small village outside Beijing in its early years. Later, with the increasingly popular antique market, coupled with this unique "ghost market" and countless legends, it attracted a large number of Chinese and foreign tourists. Now Panjiayuan has gradually formed the largest and most popular antique trading market in China.