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The China BoomWhy China Will Not Rule the World$
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Ho-fung Hung

Print publication date: 2015

Print ISBN-13: 9780231164184

Published to Columbia Scholarship Online: May 2016

DOI: 10.7312/columbia/9780231164184.001.0001

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PRINTED FROM COLUMBIA SCHOLARSHIP ONLINE (www.columbia.universitypressscholarship.com). (c) Copyright University of Minnesota Press, 2019. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CUPSO for personal use.date: 22 October 2019

A Market Without Capitalism

A Market Without Capitalism


(p.15) One A Market Without Capitalism
The China Boom

Ho-fung Hung

Columbia University Press

Chapter 1 discusses how the massive influx of American silver into seventeenth- and eighteenth-century China fueled a commercial revolution that made China the most advanced market economy in the early modern world, and how the paternalist Qing state stifled the spontaneous development of industrial capitalism despite commercial prosperity.

Keywords:   transition to capitalism, Qing dynasty, industrial revolution, Japan, England, class conflict

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