Overview

This revelatory account of the ways silver shaped Chinese history shows how an obsession with ""white metal"" held China back from financial modernization. First used as currency during the Song dynasty in around 900 CE, silver gradually became central to China's economic framework and was officially monetized in the middle of the Ming dynasty during the sixteenth century. However, due to the early adoption of paper money in China, silver was not formed into coins but became a cumbersome ""weighing currency,"" for which ingots had to be constantly examined for weight and purity--an unwieldy practice that lasted for centuries. While China's interest in silver spurred new avenues of trade and helped increase the country's global economic footprint, Jin Xu argues that, in the long run, silver played a key role in the struggles and entanglements that led to the decline of the Chinese empire.

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9798228077973

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Jin Xu is senior editor and chief financial commentator at the Financial Times Chinese. She has been a visiting fellow at the University of Tokyo and a Caijing Fellow at Peking University. She lives in Shanghai. Nancy Wu is an award-winning narrator who has worked in animation, television, theater, and film. Having lived and recorded all over the world, she is known for her vivid action/fantasy characters, accents, and bringing literature and nonfiction equally to life. A graduate of Amherst College with her master's degree in human rights, she is an avid Ashtanga yoga practitioner and rock climber. Born and raised in West Virginia, she currently resides in Boulder, Colorado.

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