This book is the first to use local primary sources to explore the interaction between foreign and native merchants in Asian countries. Contributors discuss the different economic, political and cultural conditions that gave rise to a variety of merchant communities in Korea, China, Japan, Taiwan, the Philippines, Singapore and India.

This book is the first to use local primary sources to explore the interaction between foreign and native merchants in Asian countries. Contributors discuss the different economic, political and cultural conditions that gave rise to a variety of merchant communities in Korea, China, Japan, Taiwan, the Philippines, Singapore and India.

At the periphery of the Chinese empire, a group of innovative entrepreneurs built companies that dominated the Chinese salt trade and created thousands of jobs in the Sichuan region. From its dramatic expansion in the early nineteenth century to its decline on the eve of the Sino-Japanese War in the late 1930s, salt production in Zigong was one of the largest and one of the only indigenous large-scale industries in China. Madeleine Zelin recounts the history of the salt industry to reveal a fascinating chapter in China's history and provide new insight into the forces and institutions that shaped Chinese economic and social development independent of Western or Japanese influence. Her book challenges long-held beliefs that social structure, state extraction, the absence of modern banking, and cultural bias against business precluded industrial development in China. Zelin details the novel ways in which Zigong merchants mobilized capital through financial-industrial networks. She describes how entrepreneurs spurred growth by developing new technologies, capturing markets, and building integrated business organizations. Without the state establishing and enforcing rules, Zigong businessmen were free to regulate themselves, utilize contracts, and shape their industry. However, this freedom came at a price, and ultimately the merchants suffered from the underdevelopment of a transportation infrastructure, the political instability of early-twentieth-century China, and the absence of a legislative forum to develop and codify business practices. Zelin's analysis of the political and economic contexts that allowed for the rise and fall of the salt industry also considers why its success did not contribute to "industrial takeoff" during that period in China. Based on extensive research, Zelin's work offers a comprehensive study of the growth of a major Chinese industry and resituates the history of Chinese business within the larger story of worldwide industrial development.

The role of contract in early modern Chinese economic life, when acknowledged at all, is usually presented as a minor one. This volume demonstrates that contract actually played a critical role in the everyday structure of many kinds of relationships and transactions; contracts are, moreover, of enormous value to present-day scholars as transcriptions of the fine details of day-to-day economic activity. Offering a new perspective on economic and legal institutions, particularly the closely related institutions of contract and property, in Qing and Republican China, the papers in this volume spell out how these institutions worked in specific social contexts. Drawing on recent research in far-flung archives, the contributors take as givens both the embeddedness of contract in Chinese social and economic discourse and its role in the spread of commodification. Two papers deal with broad issues: Zelin's argues for a distinctively Chinese heritage of strong property rights, and Ocko's examines the usefulness of American legal scholarship as a comparative analytic framework.

At the periphery of the Chinese empire, a group of innovative entrepreneurs built companies that dominated the Chinese salt trade and created thousands of jobs in the Sichuan region. From its dramatic expansion in the early nineteenth century to its decline on the eve of the Sino-Japanese War in the late 1930s, salt production in Zigong was one of the largest and one of the only indigenous large-scale industries in China. Madeleine Zelin recounts the history of the salt industry to reveal a fascinating chapter in China's history and provide new insight into the forces and institutions that shaped Chinese economic and social development independent of Western or Japanese influence. Her book challenges long-held beliefs that social structure, state extraction, the absence of modern banking, and cultural bias against business precluded industrial development in China.

Zelin details the novel ways in which Zigong merchants mobilized capital through financial-industrial networks. She describes how entrepreneurs spurred growth by developing new technologies, capturing markets, and building integrated business organizations. Without the state establishing and enforcing rules, Zigong businessmen were free to regulate themselves, utilize contracts, and shape their industry. However, this freedom came at a price, and ultimately the merchants suffered from the underdevelopment of a transportation infrastructure, the political instability of early-twentieth-century China, and the absence of a legislative forum to develop and codify business practices.

Zelin's analysis of the political and economic contexts that allowed for the rise and fall of the salt industry also considers why its success did not contribute to "industrial takeoff" during that period in China. Based on extensive research, Zelin's work offers a comprehensive study of the growth of a major Chinese industry and resituates the history of Chinese business within the larger story of worldwide industrial development.

With this translation of the 1929 novel "Rainbow (Hong)", one of China's most influential works of fiction is at last available in English. "Rainbow" chronicles the political and social disruptions in China during the early years of the twentieth century. Inspired by the iconoclasm of the 'May Fourth Movement', the heroine, Mei, embarks on a journey that takes her from the limitations of the traditional family to a discovery of the new, 'modern' values of individualism, sexual equality, and political responsibility. The novel moves with Mei from the conservative world of China's interior provinces down the Yangtze River to Shanghai, where she discovers the turbulent political environment of China's most modern city. Mao Dun writes with the conviction of one who has lived through the events he is describing. "Rainbow" provides a moving introduction to the contradictions inherent in the simultaneous quest for personal freedom and national strengthening. Vividly evocative of the period in which it was written, it is equally relevant to the China of today.