Chapter 5
Chinese Finance, 1348–1700
Outline
Public and Private Finance in China, 1000–1700
During the Song dynasty (960–1276), China experienced unprecedented economic prosperity. Rapid advances in agricultural productivity, technological innovation in metallurgy, textiles, shipbuilding, and other industries, urbanization, and a vast increase in the money supply – including the creation of the world’s first viable paper money – fostered both quantitative growth in production and the emergence of sophisticated market institutions. ...
Get Handbook of Key Global Financial Markets, Institutions, and Infrastructure now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.