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International Economic Influences

Rongxing Guo ()

Chapter 11 in How the Chinese Economy Works, 2009, pp 268-295 from Palgrave Macmillan

Abstract: Abstract China had been a typical autarkic society for a long time before it was forced to open up to the outside world at the end of the First Opium War (1840–42). According to the Guangxu Da Qing Huidian Shili (vol. 775, p. 4 and vol. 776, p. 13), haijin (ban on maritime voyages) included: (1) the export of cereals and five metals (gold, silver, copper, iron and tin) were strictly prohibited; (2) private trade and contacts between Chinese and foreign businessmen were illegal; (3) foreigners’ activities in China were only allowed on the conditions that “At most ten foreigners may take a walk together near their hotel on the 8th, 18th and 28th days a month”, “Overseas businessmen should not stay in Guangdong in winter”, and “Women from foreign countries are prohibited to enter this country” and so on; (4) Chinese businessmen going abroad were subject to the conditions that “At most one liter of rice may be carried by a seaman a day” and “At most two guns may be installed in a ship”; and (5) the manufacture of seagoing vessels of more than 500 dan (hectoliters) in weight and eight meters in height was prohibited.

Keywords: Foreign Direct Investment; Foreign Investment; World Trade Organization; Foreign Trade; Gravity Model (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-24568-6_11

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DOI: 10.1057/9780230245686_11

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