A New Pattern of Trade
As old firms beat their retreat from China, new British business interests were stepping in. The traditional mode of trade had had to go, but it did not mean the end of Sino-British economic relations. On the contrary, it ushered in a new pattern of trade, built on a respect for China’s independence and a sense of mutual advantage. Chinese state trading dominated the scene, while the ‘old China hands’ competed with a group of newcomers on the British side. But the Chinese also learned from experience that in forging new links with their British partners, they could not very well ignore the position and attitude of the British government.
KeywordsEurope Shipping Marketing Flare Expense
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Notes and References
- Wang Bingnan, Zhong Mei Hui Tan Jiu Nian Hui Gu (Nine Years of Sino-US Talks Recalled), 1985, pp. 4–5.Google Scholar