An extensive analysis of the development of capital in Qing Empire China.
In 1842, the Qing Empire signed a watershed commercial treaty with Great Britain, beginning a century-long period in which geopolitical and global economic entanglements intruded on Qing territory and governance. Previously understood as an era of “semi-colonialism,” Stacie A. Kent reframes this century of intervention by shedding light on the generative force of global capital.
Based on extensive research, conducted with British and Chinese government archives,
Coercive Commerce
shows how commercial treaties and the regulatory regime that grew out of them catalyzed a revised arts of governance in Qing-administered China. Capital, which had long been present in Chinese merchants’ pocketbooks, came to shape and even govern Chinese statecraft during the “treaty era.” This book contends that Qing administrators alternately resisted and adapted to this new reality through taxation systems such as transit passes and the Imperial Maritime Customs Service by reorganizing Chinese territory into a space where global circuits of capital could circulate and reproduce at an ever greater scale.
Offering a deep dive into the coercive nature of capitalism and the historically specific ways global capital reproduction took root in Qing China,
will interest historians of capital and modern China alike.