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1 results

  • 6 - The Business of Business

  • Xing Hang, The Hong Kong Polytechnic University
  • Book:
    The Port
    Published online:
    21 November 2024
    Print publication:
    28 November 2024, pp 204-236

  • Summary

    Under Mo Tianci, The Port continued to thrive as a resource exporter, emporium, and monetary center. In fact, it expanded beyond its immediate surroundings of the water world and Cochinchina, stimulated by commercial growth, social change, and official policies within the regional powers of China, Japan, and the VOC. As a result, The Port played an essential role in the offshoring of the Chinese economy, attracting surplus laborers from China to Southeast Asia and supplying them with goods from Guangzhou. The Port’s expanded jurisdiction after the late 1750s also allowed for a greater specialization of functions. Bassac and other minor ports handled trade with maritime East Asia and received support from the Hong merchants of Guangzhou. The urban center focused more on finance, influencing the money supply of Cochinchina and becoming a center for copper and silver in Southeast Asia. The Port’s fortunes got a further boost when the fall of Ayutthaya to the Myanmar forces removed a major competitor along the Gulf of Siam littoral.