Foreign Financial Control in China

Foreign Financial Control in China

Read FREE!

Foreign Financial Control in China

Foreign Financial Control in China

Read FREE!

Excerpt

With the conclusion of the Chino-Japanese War in 1895, a new era opened in the Far East, an era of rapid encroachment on China by powerful western nations and by Japan. These powers secured strategic bases on Chinese territory and sought to control certain parts of the Empire through the medium of railways. Railway concessions, and to some extent public loans, were the instruments by which the foreign powers advanced and carried out their policies. The obvious tendency of foreign ambitions at this time in regard to railway enterprise was to secure a monopoly of rights within socalled "spheres of interest," and as far as possible to exclude Chinese as well as other foreigners not only from securing concessions but also from any share in the control or management of those railways that were to be constructed in their respective spheres.

Though at first sight political, and fought by diplomacy, the struggle for foreign control in China was not less one of international financial interests, contending for the exploitation of new opportunities for investment. Foreign capital was attracted by the great profits to be . . .

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.