Traditional Culture Encyclopedia - Traditional festivals - What are the main reasons and historical roots of the bankruptcy of China's traditional spinning industry after the Sino-Japanese War of 1894-1895?

What are the main reasons and historical roots of the bankruptcy of China's traditional spinning industry after the Sino-Japanese War of 1894-1895?

1. treaty of shimonoseki allowed to set up a factory in China, which greatly impacted the traditional textile industry in China.

2. The traditional textile industry in China has low productivity and high cost. , unable to compete with foreign countries.

The historical root is that China's self-sufficient natural economy has restricted the budding development of capitalism in China. China has not developed into an advanced machine spinning industry.