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Huizi (currency)
The Huizi (), issued in the year 1160, was the official banknote of the Chinese Southern Song dynasty. It has the highest amount of issuance among various banknote types during the Song dynasty. Huizi notes came on three-colour printed paper and their usage was heavily promoted by the government of the Southern Song dynasty, the Huizi were backed by 280,000 '' guàn'' of copper cash coins. History The Huizi was originally introduced in the region of Liangzhe (兩浙) around what is present-day Zhejiang, and after 1160 Huizi notes were issued by the Ministry of Revenue (戶部) and their circulation was overseen by the Paper Notes Office (會子務). The earliest mentions of Huizi banknotes can be traced back to Shaanxi in 1075. In Hangzhou and the areas around it ''bianqian huizi'' (便錢會子) or "comfortable money" had become a common form of exchange during the beginning of the Southern Song dynasty. Besides the Jiaozi, Qianyin, and Guanzi the Huizi had become the most im ...
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Hui Zi
The Hui people ( zh, c=, p=Huízú, w=Hui2-tsu2, Xiao'erjing: , dng, Хуэйзў, ) are an East Asian ethnoreligious group predominantly composed of Chinese-speaking adherents of Islam. They are distributed throughout China, mainly in the northwestern provinces and in the Zhongyuan region. According to the 2011 census, China is home to approximately 10.5 million Hui people. The 110,000 Dungan people of Kazakhstan and Kyrgyzstan are also considered part of the Hui ethnicity. The Hui have a distinct connection with Islamic culture. For example, they follow Islamic dietary laws and reject the consumption of pork, the most commonly consumed meat in China, and have developed their own variation of Chinese cuisine. They also dress differently than the Han Chinese, some men wear white caps (taqiyah) and some women wear headscarves, as is the case in many Islamic cultures. The Hui people are one of 56 ethnic groups recognized by China. The government defines the Hui people ...
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Mace (unit)
A mace (; Hong Kong English usage: tsin; Southeast Asian English usage: chee) is a traditional Chinese measurement of weight in East Asia that was also used as a currency denomination. It is equal to 10 candareens and is of a tael or approximately 3.78 grams. A troy mace is approximately 3.7429 grams. In Hong Kong, one mace is 3.779936375 grams. and in Ordinance 22 of 1884, it is ounces avoirdupois. In Singapore, one mace (referred to as chee) is 3.77994 grams. In imperial China, 10 candareens equaled 1 mace which was of a tael and, like the other units, was used in weight-denominated silver currency system. A common denomination was 7 mace and 2 candareens, equal to one silver Chinese yuan. Name Like other similar measures such as tael and catty, the English word "mace" derives from Malay, in this case through Dutch ''maes'', plural ''masen'', from Malay ''mas'' which, in turn, derived from Sanskrit ', a word related to "mash," another name for the urad bean, and masha, a tr ...
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Medieval Currencies
In the history of Europe, the Middle Ages or medieval period lasted approximately from the late 5th to the late 15th centuries, similar to the post-classical period of global history. It began with the fall of the Western Roman Empire and transitioned into the Renaissance and the Age of Discovery. The Middle Ages is the middle period of the three traditional divisions of Western history: classical antiquity, the medieval period, and the modern period. The medieval period is itself subdivided into the Early, High, and Late Middle Ages. Population decline, counterurbanisation, the collapse of centralized authority, invasions, and mass migrations of tribes, which had begun in late antiquity, continued into the Early Middle Ages. The large-scale movements of the Migration Period, including various Germanic peoples, formed new kingdoms in what remained of the Western Roman Empire. In the 7th century, North Africa and the Middle East—most recently part of the Eastern Roman ...
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Currencies Of Asia
A currency, "in circulation", from la, currens, -entis, literally meaning "running" or "traversing" is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general definition is that a currency is a ''system of money'' in common use within a specific environment over time, especially for people in a nation state. Under this definition, the British Pound Sterling (£), euros (€), Japanese yen (¥), and U.S. dollars (US$)) are examples of (government-issued) fiat currencies. Currencies may act as stores of value and be traded between nations in foreign exchange markets, which determine the relative values of the different currencies. Currencies in this sense are either chosen by users or decreed by governments, and each type has limited boundaries of acceptance - i.e. legal tender laws may require a particular unit of account for payments to government agencies. Other definitions of the term "curre ...
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Currencies Of China
The history of Chinese currency spans more than 3000 years. Currency of some type has been used in China since the Neolithic age which can be traced back to between 3000 and 4500 years ago. Cowry shells are believed to have been the earliest form of currency used in Central China, and were used during the Neolithic period. Around 210 BC, the first emperor of China Qin Shi Huang (260–210 BC) abolished all other forms of local currency and introduced a uniform copper coin. Paper money was invented in China in the 9th century, but the base unit of currency remained the copper coin. Copper coins were used as the chief denomination of currency in China until the introduction of the yuan. Currently, the ''renminbi'' is the official currency of the People's Republic of China (PRC). It is the legal tender in mainland China, but not in Hong Kong or Macau. The special administrative regions of Hong Kong and Macau use the Hong Kong dollar and the Macanese pataca, respectiv ...
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Mandarin Chinese
Mandarin (; ) is a group of Chinese (Sinitic) dialects that are natively spoken across most of northern and southwestern China. The group includes the Beijing dialect, the basis of the phonology of Standard Chinese, the official language of China. Because Mandarin originated in North China and most Mandarin dialects are found in the north, the group is sometimes referred to as Northern Chinese (). Many varieties of Mandarin, such as those of the Southwest (including Sichuanese) and the Lower Yangtze, are not mutually intelligible with the standard language (or are only partially intelligible). Nevertheless, Mandarin as a group is often placed first in lists of languages by number of native speakers (with nearly one billion). Mandarin is by far the largest of the seven or ten Chinese dialect groups; it is spoken by 70 percent of all Chinese speakers over a large geographical area that stretches from Yunnan in the southwest to Xinjiang in the northwest and Heilongjiang in ...
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Southern Song Dynasty Coinage
The Southern Song dynasty refers to an era of the Song dynasty after Kaifeng was captured by the Jurchen Jin dynasty in 1127. The government of the Song was forced to establish a new capital city at Lin'an (present day Hangzhou) which wasn't near any sources of copper so the quality of the cash coins produced under the Southern Song significantly deteriorated compared to the cast copper-alloy cash coins of the Northern Song dynasty. The Southern Song government preferred to invest in their defenses (as its incapable military easily fell to the Jurchens) while trying to remain passive towards the Jin dynasty establishing a long peace until the Mongols eventually annexed the Jin before marching down to the Song establishing the Yuan dynasty. Coins from the Song dynasty have appeared in variants written in either standard (top-bottom-right-left) or clockwise (top-right-bottom-left). The Southern Song dynasty saw the emergence of paper money, while coins were increasingly becoming ...
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Economic History Of China (1912–1949)
After the fall of the Qing dynasty in 1912, China underwent a period of instability and disrupted economic activity. During the Nanjing decade (1927–1937), China advanced in a number of industrial sectors, in particular those related to the military, in an effort to catch up with the west and prepare for war with Japan. The Second Sino-Japanese War (1937–1945) and the following Chinese civil war caused the retreat of the Republic of China and formation of the People's Republic of China. The Republican era was a period of turmoil. From 1913 to 1927, China disintegrated into regional warlords, fighting for authority, causing misery and disrupting growth. After 1927, Chiang Kai-shek managed to reunify China. The Nanjing decade was a period of relative prosperity despite civil war and Japanese aggression. The government began to stabilize tax collection, establish a national budget, sponsor the construction of infrastructure such as communications and railroads, and draw u ...
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Economic History Of China (Pre-1911)
The economic history of China covers thousands of years and the region has undergone alternating cycles of prosperity and decline. China, for the last two millennia, was one of the world's largest and most advanced economies. Economic historians usually divide China's history into three periods: the pre-imperial era before the rise of the Qin; the early imperial era from the Qin to the rise of the Song (221 BCE to 960 CE); and the late imperial era, from the Song to the fall of the Qing. Neolithic agriculture had developed in China by roughly 8,000 BCE. Stratified Bronze Age cultures, such as Erlitou, emerged by the third millennium BCE. Under the Shang (16th–11th centuries BCE) and Western Zhou (11th–8th centuries BCE), a dependent labor force worked in large-scale foundries and workshops to produce bronzes and silk for the elite. The agricultural surpluses produced by the manorial economy supported these early handicraft industries as well as ...
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Economy Of China
The China, People's Republic of China has an upper middle income Developing country, developing Mixed economy, mixed socialist market economy that incorporates economic planning through Industrial policy, industrial policies and strategic Five-year plans of China, five-year plans. —Xu, Chenggang. "The Fundamental Institutions of China’s Reforms and Development." Journal of Economic Literature, vol. 49, no. 4, American Economic Association, 2011, pp. 1076–151, . —Nee, Victor, and Sonja Opper. "Political Capital in a Market Economy." Social Forces, vol. 88, no. 5, Oxford University Press, 2010, pp. 2105–32, . —Shue Tuck Wong & Sun Sheng Han (1998) Whither China's Market Economy? The Case of Lijin Zhen, Geographical Review, 88:1, 29-46, —Gregory C. Chow (2005) The Role of Planning in China's Market Economy, Journal of Chinese Economic and Business Studies, 3:3, 193-203, —HUA, HUANG. "The Market Economy in China." Security Dialogue, vol. 24, no. 2, Sage Publications ...
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Economy Of The Song Dynasty
The economy of the Song dynasty (960–1279) in China was the wealthiest economy in the world during its time. The dynasty moved away from the top-down command economy of the Tang dynasty (618-907) and made extensive use of market mechanisms as national income grew to be around three times that of 12th century Europe. The dynasty was beset by invasions and border pressure, lost control of North China in 1127, and fell in 1279. Yet the period saw the growth of cities, regional specialization, and a national market. There was sustained growth in population and per capita income, structural change in the economy, and increased technological innovation. Movable print, improved seeds for rice and other commercial crops, gunpowder, water-powered mechanical clocks, the use of coal as an industrial fuel, improved iron and steel production, more efficient canal locks, were only the most important technological innovations. Commerce in global markets increased significantly. Merchants inve ...
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Chinese Cash (currency Unit)
The cash () was a currency denomination used in China in imperial times. It was the chief denomination until the introduction of the yuan in the late 19th century. Etymology The English word "cash", meaning "tangible currency", is an older word from Portuguese '' caixa'' or Middle French '' caisse'' ("box", or "case"). The term was first used on coins issued in Kwangtung (Guangdong) Province in 1900. It did not appear on paper money until later. The plural forms "cash" and "cashes" were both used. The Chinese character ''wen'' () has several other meanings in modern Chinese History The ''wén'' was one of the chief units of currency in China and was used to denominate both coins and paper money. Other denominations were used, including various weights, based on the ''tael'' system, for sycee silver and gold ingots. Until the 19th century, coins denominated in wen were cast, the most common formation being the round-shaped copper coin with a square or circular hole in the ...
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