20140127-Standard Chartered-China–Masterclass Silver, revolution and the Qing外文.pdfVIP

| Global Research | 27 January 2014 China – Masterclass: Silver, revolution and the Qing  Qing China imported its money and had no monetary authority, but by 1750 its economy was globalised  Economic crisis hit when massive silver imports reversed in 1810-50, and the monetary base contracted  China’s economy has matured much since, but it has still not gained independent monetary policy  Despite scepticism about fiat currencies in China today, re-pegging currencies to metals is a bad idea For most of its long history, China has not controlled its own money. Governments