Traditional Culture Encyclopedia - Traditional customs - What happened to the traditional economic structure of China
What happened to the traditional economic structure of China
Hello, before the Opium War, China's traditional economy was composed of agriculture, handicrafts and commerce. Agriculture was the mainstay of the economy, and it was a subsistence economy.
After the Opium War, China was drawn into the capitalist world market, and the influx of cheap foreign industrial goods put the traditional handicraft industry out of business, and the natural economy began to gradually disintegrate. Modern enterprises emerged, capitalism emerged, and the economic structure changed.
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