HONG KONG 1842 Flashcards
1
Q
What were the economic reasons for the aquasition of Hong Kong?
A
EIC had negative balance of trade as Chinese demand for British exports (textiles) outweighed British demand for Chinese goods (tea, silk)
What were the economic reasons for the aquasition of Hong Kong?
EIC had negative balance of trade as Chinese demand for British exports (textiles) outweighed British demand for Chinese goods (tea, silk)