Founded in 2008, Arrow Factory is one of the longest standing, fully independent, non-commercial art spaces in Beijing. Located in a narrow alley inside the city center, this 15 square meter space spearheads various forms of site-oriented artistic display, collaboration and experimentation by local and international contemporary artists. "Arrow Factory: The Next Four Years" comprehensively documents the twenty-two projects mounted in this reclaimed storefront between March 2011 and May 2015. This follow-up publication features new perspectives from organizers of influential artist-run initiatives around the world, and is structured around the elemental question: What is a good institution? Through these views and others, "Arrow Factory: The Next Four Years" offers a window into the diverse conditions that shape China's current cultural climate.