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Historical Development of Jiangsu as China’s Business Center

SOURCE:DOINGBUSINESSINCHINA.ORG   TIME:2016-07-29

 

Historical Development of Jiangsu as China’s Business Center


 
Jiangsu has a long history. During the Spring and Autumn Period and the Warring States Period, it was under control of Wu Kingdom and Chu Kingdom, etc; during Han Dynasty, it was under control of two states of Xu and Yang; during Yuan Dynasty, it was under control of Henan province and Zhejiang Province; during Ming Dynasty, it was under control of the city Nanjing; during Qing Dynasty, Jiangsu Province was established, and north of the Yangtze River was called North Jiangsu while south of Yangtze River was called South Jiangsu. Jiangsu was one of the regions that have a long development history.

During the Sui Dynasty and Tang Dynasty, considerable expansion of the Grand Canal promoted gradual development of cities along the canal, and Yangzhou became an economic, transportation and reshipment center; during North and South Song Dynasty, silkworm keeping industry began in Taihu region, and people there began selling silk abroad. During Ming and Qing Dynasty, Suzhou silk, Nangtong hand-loomed cloth, Zhenjiang gunny cloth were popularly sold home and abroad.

Jiangsu, as one of China’s modern national industry bases, has played an important role in the development of national capitalism. At the beginning of 1990’s, national capital industry established 155 enterprises, covering textile, silk reeling, flour, oil and power. During World War I, Jiangsu national capital industry made new development, mainly centered in Suzhou, Wuxi, Nantong and Changzhou. Jiangsu had established solid bases for industry, commence
and transportation before 1949. National capital accounted 80.3% of the total industrial capital in the province, resulting in three advantageous industries in textile, silk reeling and flour.



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