The Foreign and Native Banks in China: Chop Loans in Shanghai and Hankow before 1914

  title={The Foreign and Native Banks in China: Chop Loans in Shanghai and Hankow before 1914},
  author={Shizuya Nishimura},
  journal={Modern Asian Studies},
  pages={109 - 132}
  • S. Nishimura
  • Published 23 December 2004
  • History
  • Modern Asian Studies
Three or four decades ago it was a consensus among scholars in Chinese history that China before the advent of the Western impact was a stagnant economy under the yoke of a pre-modern regime and that the opening of China to foreign trade exacerbated the predicament of peasants by forcing commercialization on them, while the inflow of Western manufactures destroyed the handicraft industries of China. This perception has since been largely contradicted. According to Hans van de Ven, ‘The greatest… 
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