Download China And Capitalism: A History of Business Enterprise in by David Faure PDF

By David Faure

This booklet describes China's come across with capitalism from the 16th century to the 20th century. It poses poignant questions in uncomplicated language, publications the reader via a fancy literature and offers a special viewpoint.

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Extra resources for China And Capitalism: A History of Business Enterprise in Modern China

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In fact, the Qing dynasty government went as far as to purchase the demonstration railway which was built only to tear it down. No act of conservatism that, it was taken in defence of China's autonomy and in reaction to its fear that the railway might prove another Western incursion, all at a time when senior members of the Chinese officialdom were considering introducing the railway in north China. 8 Likewise, politics came into factory building, but in a way which had more to do with late imperial understanding of how business related to the state than any prejudice against reform.

Chinese sugar lost out to Javanese sugar, and even long-established silk-reeling lost out to late-comer Japan. By the 1910s, when Chinese people were, indeed, setting up factories in and near their major cities, China was saddled with a heavy foreign debt, the Chinese currency system had all but collapsed, and Chinese banks were at most in their infancy. Add to the scene the lack of any effective central government after the fall of the Qing dynasty in 1911, constant internal wars among the warlords, and by the 1930s, war with Japan, it is a wonder that there was scope for the 1920s to be referred to by historians as "the golden age of the Chinese bourgeoisie".

In the presence of a middlemanwitness, we each put u p so much capital; in a common mind and with lifted courage, we seek to enter business. All profits received shall be calculated face to face every year. Some funds shall be divided for use in o u r respective families, but capital shall be left so that the source [of our wealth] will not be exhausted. As for personal expenses, each [partner] is himself to prepare for them without expending funds that belong to the firm, so that the accounts will not be confused.

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