Criticism of Qing dynasty's economic performance

During the Manchu–led Qing dynasty, the economy was significantly developed and markets continued to expand especially in the High Qing era, and imperial China experienced a second commercial revolution in the economic history of China from the mid-16th century to the end of the 18th century. But akin to the other major non-European powers around the world at that time like the Islamic gunpowder empires and Tokugawa Japan, such economic development did not keep pace with the economies of European countries in the Industrial Revolution occurring by the early 19th century, which resulted in a dramatic change described by the 19th-century Qing official Li Hongzhang (who promoted the Self-Strengthening Movement) as "the biggest change in more than three thousand years" (三千年未有之大變局).

Source: Wikipedia — Criticism of Qing dynasty's economic performance (CC BY-SA 4.0)

Criticism of Qing dynasty's economic performance

During the Manchu–led Qing dynasty, the economy was significantly developed and markets continued to expand especially in the High Qing era, and imperial China experienced a second commercial revolution in the economic history of China from the mid-16th century to the end of the 18th century. But akin to the other major non-European powers around the world at that time like the Islamic gunpowder empires and Tokugawa Japan, such economic development did not keep pace with the economies of European countries in the Industrial Revolution occurring by the early 19th century, which resulted in a dramatic change described by the 19th-century Qing official Li Hongzhang (who promoted the Self-Strengthening Movement) as "the biggest change in more than three thousand years" (三千年未有之大變局).

Source: Wikipedia "Criticism of Qing dynasty's economic performance" · CC BY-SA 4.0

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