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China's striking upward push as an monetary powerhouse some time past 20 years poses a problem to many long-held assumptions in regards to the dating among political associations and financial improvement. fiscal prosperity additionally used to be very important to the durability of the chinese language Empire in the course of the preindustrial period. ahead of the eighteenth century, China's economic system shared many of the beneficial properties, comparable to hugely effective agriculture and complex markets, present in the main complex areas of Europe. yet in lots of respects, from the significant significance of irrigated rice farming to kin constitution, estate rights, the prestige of retailers, the financial process, and the imperial state's economic and financial guidelines, China's preindustrial economic system diverged from the Western course of improvement. during this accomplished yet obtainable examine, Richard von Glahn examines the institutional foundations, continuities and discontinuities in China's financial improvement over 3 millennia, from the Bronze Age to the early 20th century.

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