Description
The article discusses the economic and industrial development in China in the late nineteenth century, particularly in the eastern provinces. It mentions the opening of Chinese ports for foreign trade and the resulting increase in commerce. The author, William Barclay Parsons, provides an introduction to China's history and civil service structure. He also delves into the corrupt practices of customs officials and the influence of American cotton interests. The book also reveals the large-scale smuggling operations that bypassed official embargoes. Overall, the article offers insight into the early stages of the global market and the impact of foreign trade on China's development.
By the late nineteenth century, twenty-nine Chinese ports were open for foreign trade. Often run by foreign commissioners and no longer subject to the stringent local laws, these ports levied one of the smallest import taxes in the world, and Chinese commerce therefore exploded. Originally published in 1900, this account by William Barclay Parsons (1859-1932) investigates the ensuing surge of economic and industrial development in the eastern provinces. Including an introduction to China's history and the structure of its civil service, the book analyses the corrupt but ingenious world of customs officials, the importance of American cotton interests, and export statistics which reveal the multimillion-dollar smuggling operations that slipped around official embargoes. Set against a backdrop of electric lights and western labels in even the most closed of cities, this book offers a fascinating glimpse into the early stages of today's global market.
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