This book takes a somewhat different view of international or
diplomatic history by concentrating on the more profound elements
of sino-foreign relations, namely the economic and the commercial,
especially with regard to Britain and France. The immediate
post-revolutionary period in China is viewed here in the wider
context of Britain and France's post-imperial decline and
expressions such as 'imperialism imprisoned' and 'captive
capitalism' are some new and interchangeable terms employed in this
context. In contrast to the traditional interpretation that Chinese
policies regarding the old imperial powers involved nationalization
of foreign companies through the expropriation of their property,
this study shows that almost no such practice took place. Rather,
instances of appropriation only occurred following an indirect,
subtle and protracted process. It is precisely because of the
uniqueness of the process and its relatively long duration that the
new regime in China succeeded in achieving its goals, perhaps even
exceeding them. This study is based on hitherto inaccessible
public, private and company archives in Britain, France and China.
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