China's Economics Essay by The Research Group

China's Economics
This paper discusses the development of the economy of China from 3rd Cent. B.C. to 20th Cent.
# 18938 | 1,575 words | 6 sources | 1991 | US
Published on Feb 25, 2003 in Economics (Macro) , Asian Studies (General)

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From the Paper:

"This paper will discuss the ways in which the economy of China developed over the course of its history. Early in its history, the imperial dynasties of China began developing such important economic ideas as taxation, coinage, and paper money. However, each Chinese dynasty also experienced inflation and other economic difficulties which eventually contributed to that dynasty's downfall. The early development of economic concepts in China can be seen even before the rise of the first emperor, Ch'in. Thus, during the "Warring States" period which existed prior to the third century B.C., there was evidence of widespread commercial trading as well as the practice of taxing farmers. In addition, the earliest use of metal coins in China can be traced back to the period of the Warring States. As early as the fifth century B.C., circular coins as well as coins ... "

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