Provincial Silver Coins and the Fragmenting Chinese Monetary System, 1887–1900
This chapter mentions Qing officials in the 1880s who believed the influx of foreign silver coins was a negative development that had to be opposed as it represented a violation of the dynasty's economic rights. It argues that strengthening the dynasty with more revenue was not the same as creating a unified national monetary system, which was an emerging goal for figures in the late Qing. It also introduces and analyzes disagreements within China about how to reform the coinage and monetary system in the context of political decentralization, including the role of silver. The chapter focuses on the intellectual and economic impetus to mint coins, as well as the problems of mint administration. It examines the tension between the power of provincial officials and the Qing central government, which acted as a constraint on the currency reform and state-building activities of the dynasty.