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The Formation of the Modern East Asian Economy
Settling in great numbers in
the commercial quarters outside Changmen Gate, they kept
a close eye on the city's active trade in rice, raw silk
and cotton, silk and cotton goods, and sugar.43 Thus,
a network of merchants with ties all along the China coast
could link up with the prosperous shipping routes of the
Yangtze Valley.
And with southeast Asia
as well. Here, even more than with the domestic coastal
trade, they followed the monsoon winds. Leaving the southeast
coast between November and February, they might hurry
down the Malacca Peninsula and then sail up another 20
days to reach Bangkok, where they would stay until their
return trip in June or July.44 Usually, however, their
voyages were longer, as they greatly preferred to hop
from port to port for trades rather than risk the high
seas for the dubious benefits of a quicker arrival.45
By 1742, three-quarters of the boats setting forth from
China were going as far as the Malay Peninsula and Siam.46
Once they reached southeast Asia,
the Fukien traders experienced great success. With Vietnam
the China contents of the trade were meant to be highly
restricted. The Chinese side was supposed to export only
satin thread, certain kinds of cloth, paint pigment, stockings,
stationery, tea, white sugar, and drugs, all for Vietnam's
authorized exports in cardamom, a brown-dye-producing
plant, zinc, and bamboo. What each side more wanted from
the trade however, the other side officially classified
as contraband-Chinese iron and Vietnamese rice.47 Along
the Malay Peninsula, the Chinese acquired tin, lead ivory,
deer hides, and water buffalo hides, while in Batavia
they purchase primary products like wood, dyes, and especially
sugar.48 Overall, the variety of their imports expanded
greatly in the eighteenth century over earlier trading
practice, to include bulk products like tin, iron, led,
copper, indigo, sticklac, benzoin, wax, woods, as well
as food goods, like sugar, pepper, coconut oil, and rice.
In general, the Chinese processed these imports into profitable
exports, such as sweetmeats, or sold manufactured goods
it had long been famous for, such as silk porcelain, tools,
copper and brass pans and kettles.
As virtually all sides
of this trade were actually conducted by Chinese, many
a Chinese, especially the Fukinese and Cantonese, found
the lure and lucre of this trade too attractive to ignore.
Their emperors' response to their emigration may have
varied between pity a la Kangxi in 1690 and Yungzheng's
and Qianlong's mixture of scorn and distrust in the mid-eighteenth
century.50 But many seem to have found this foreign life
to their liking, as they enjoyed an economic and social
success barred them at home due to intense competition,
instability, and overpopulation.
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