Imprisoned Imperialism: the Fate of British and French Businesses in China

About This Novel

In the early 1950s, unofficial representatives of the former imperialist powers, such as local managers of large enterprises in China, found themselves at serious risk. Some of these people have a history of being imprisoned as a result of the authorities' policies towards their companies. The difficulties encountered under the new regime also mark unprecedented difficulties for foreign companies operating in China. Behind China's disposal of foreign companies appears to be a desire to secure substantial revenue streams and control the vast assets accumulated by foreign companies over many years. Contrary to the traditional explanation of China's policy toward imperialist powers that such policy involves expropriation through expropriation, this study shows that this type of practice hardly occurs. More cases of ancient foreign companies occurred only after an indirect, ingenious and prolonged process. It is precisely because of the uniqueness of this process, and its relatively lengthy process, that China's new regime succeeded in meeting and even exceeding their goals.

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