By L. Aiguo
It is a research of the long-run evolution of the connection among China and the realm economic system. targeting China's responses to the growth of the capitalist international economic climate, the ebook provides an unique interpretation of the country's socioeconomic procedures some time past century and a part. the writer argues that the final thrust of China's quest for improvement or 'modernisation' has been to meet up with the Western prosperous countries, and explains the altering paths and results.
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Additional info for China and the Global Economy since 1840
As a result, given the foreign–domestic, modern– traditional divisions in the structure of the economy, the importation of producer goods had less impact on China’s industrial development than it might otherwise have had. The difficulty of expanding the Chinese demand for foreign consumer goods remained an old, unsolved problem. 8 Aside from a few other exceptions, such as the marketing of cigarettes and cotton-piece goods, imports were not very important in China’s economy. For foreign traders who came to China in the hope of big money, the slow pace of the market expansion for foreign goods was beyond comprehension.
6 per cent in 1919 (Feuerwerker, 1983, p. 180). On the other hand, the customs service guaranteed tariff collection so as to secure a source for the loan and indemnity payments. Because virtually all customs revenue went to cover loans and indemnities, there was no customs-revenue surplus until around 1920. The control of the customs service by Western administrators formally ended after the consolidation of the GMD government (1928– 37). 5 per cent. As a result, tariff revenues increased substantially.
The vested interest of the Nanjing regime in maintaining landed property and the superficial understanding the Western-trained government bureaucrats had of China’s problems were most clearly demonstrated in the government indifference towards land problems in rural areas. For the government, agricultural backwardness and the poor living conditions of peasants were not stumbling blocks. Industrial development was never undertaken outside urban boundaries and contributed little to improving conditions in rural areas, where the majority of the people lived.
China and the Global Economy since 1840 by L. Aiguo