Yabaolu is a street and area in Beijing, China, running from Chaoyangmenwai to Jianguomenwai. The south part of Yabaolu is home to Beijing Children's Hospital. On the west side of Yabaolu lies Ritan Park.As of 2011 the community has many high rise shopping malls and shops, is a major hub of trade. Previously it was a community of one story courtyards with little activity.NameYabaolu, "elegant treasure road," is one of the many Old Beijing place names to have been beautified. The original name was yaba hutong, "Mute-man's Alley,".Yabaolu marketsThe northern area of Yabaolu is sometimes unofficially named Russiatown, or Russian Market, since the clientele of the shops is mostly foreign, with most of that being Russian, and because the neighbourhood has a high population of Russian traders from Siberia, who are transient. Previously local Chinese people called the traders "da daoye," (S: 大倒爷, T: 大倒爺, P: dàdǎoyé "big trader") while as of 2011 they now refer to them as "hao pengyou" (好朋友 hǎopéngyou "good friend"). In addition to Russian traders, Polish, Ukrainian, former Yugoslav, and other eastern European traders also do business in Yabaolu. Jaime FlorCruz of CNN said in 2011 that "Here bargaining is tough but business is good. The most successful, traders say, can resell their items for 20 times their investment."The China-Russia-related trade in Beijing occurs in Yabaolu. Most of the businesses in Yabaolu cater to Russian customers. Many restaurant owners and shop keepers do business in Yabaolu. Some pedicab drivers speak pidgin Russian and charge the equivalent of two U.S. dollars for a ride. Like many ethnic enclaves, it has its own unique culture imported by its residents. The focal point of the district are several large clothing markets. Business signs are mostly in Russian and written in Cyrillic, a surprise to many tourists. For a former Russian area in Beijing, see Li-Fan Yuan.