Thursday, April 6, 2017

It is good to know.

Once the power of England was that it could force the power of an ancient Civilization to sell its tea by the payment of earnings out of the opium sold to is people.
The source of the opium was from India.
The designated vendor of the opium was an Iraqi Jewish family named Sassoon.

It was of course the time of China's ultimate humiliation - an degradation that still lives in all Chinese; for this the current leaders of China are determined that such at thing will never happen again.

The interesting thing is that Deng Xiaoping, vaulted China from the grasp of Communist economics into Free Market Economics. He did this by allowing Free Trade Zones in various parts of China. 

One of them is Shenzhen. It is close to Guangzhou, old time Canton.

Today, the GDP of just this one Free Trade Zone is greater that that of the UK.

In just a century +, you see an incredible volte-face in economic power between UK and China

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