New Books in Economic and Business History Stacie A. Kent, "Coercive Commerce: Global Capital and Imperial Governance at the End of the Qing Empire" (Hong Kong UP, 2024)
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 (Hong Kong University Press, 2024) 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, Coercive Commerce will interest historians of capital and modern China alike.
Huiying Chen is an Assistant Professor in the Department of History at Purdue University.
Learn more about your ad choices. Visit megaphone.fm/adchoices