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No Great Wall

Trade, Tariffs and Nationalism in Republican China, 1927–1945

By: Felix Boecking

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No Great Wall

Trade, Tariffs and Nationalism in Republican China, 1927–1945

By: Felix Boecking

This book, an in-depth study of Nationalist tariff policy, fundamentally challenges the widely accepted idea that the key to the Communist seizure of power in China lay in the incompetence of Chiang Kai-shek’s Nationalist government. It argues instead that during the second Sino-Japanese War, China’s international trade, the Nationalist government’s tariff revenues, and hence its fiscal policy and state-making project all collapsed. Because tariffs on China’s international trade produced the single greatest share of central government revenue during the Nanjing decade, the political existence of the Nationalist government depended on tariff revenue. Therefore, Chinese economic nationalism, both at the official and popular levels, had to be managed carefully so as not to jeopardize the Nationalist government’s income. Until the outbreak of war in 1937, the Nationalists’ management of international trade and China’s government finances was largely successful in terms of producing increasing and sustainable revenues. Within the first year of war, however, the Nationalists lost territories producing 80 percent of tariff revenue. Hence, government revenue declined just as war-related expenditure increased, and the Nationalist government had to resort to more rapacious forms of revenue extraction—a decision that had disastrous consequences for both its finances and its political viability.

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Page Count

304

Publisher

BRILL

Published Date

ISBN 10

1684175720

ISBN 13

9781684175727

No Great Wall

Trade, Tariffs and Nationalism in Republican China, 1927–1945

By: Felix Boecking

Write a review Read reviews Take a Quiz Solve Book Puzzle

No Great Wall

Trade, Tariffs and Nationalism in Republican China, 1927–1945

By: Felix Boecking

This book, an in-depth study of Nationalist tariff policy, fundamentally challenges the widely accepted idea that the key to the Communist seizure of power in China lay in the incompetence of Chiang Kai-shek’s Nationalist government. It argues instead that during the second Sino-Japanese War, China’s international trade, the Nationalist government’s tariff revenues, and hence its fiscal policy and state-making project all collapsed. Because tariffs on China’s international trade produced the single greatest share of central government revenue during the Nanjing decade, the political existence of the Nationalist government depended on tariff revenue. Therefore, Chinese economic nationalism, both at the official and popular levels, had to be managed carefully so as not to jeopardize the Nationalist government’s income. Until the outbreak of war in 1937, the Nationalists’ management of international trade and China’s government finances was largely successful in terms of producing increasing and sustainable revenues. Within the first year of war, however, the Nationalists lost territories producing 80 percent of tariff revenue. Hence, government revenue declined just as war-related expenditure increased, and the Nationalist government had to resort to more rapacious forms of revenue extraction—a decision that had disastrous consequences for both its finances and its political viability.

Average ratings

N/A

5

0%

4

0%

3

0%

2

0%

1

0%

Solve jigsaw puzzle

Age

Page Count

304

Publisher

BRILL

Published Date

ISBN 10

1684175720

ISBN 13

9781684175727