748 THE CHINESE BOURGEOISIE
not affected the handicraft sector. From 1915-16 weaving-looms had
been increasing in number in the northern and central provinces. Produc-
tion was directed towards the domestic market. Urban workshops were
developed, and commercial capitalism spread throughout the countryside
near the major urban centres. The progress made in weaving, ready-to-
wear clothing, hosiery, glassware, matches, oil production, did not consist
merely of a resurrection of the former methods of production. Often using
improved techniques and raw materials of industrial origin (yarn, chem-
ical products), this handicraft activity represented, on the contrary, an
attempt to adapt, a particularly good example of what we referred to
above as transitory modernization. Thus we cannot subscribe to the
opinion of H. H. Fox, shared by many of his contemporaries, that 'in-
dustrial progress was limited to the most important of the treaty ports'.
72
The upsurge of modern business in the coastal cities represents only one
aspect of a more general expansion; but it is, without a doubt, the most
striking aspect. From 1912 to 1920, the growth-rate of modern industries
reached 13.8 per cent.
7
' (Such a rapid tempo of development would not
be encountered again until the days of the First Five-Year Plan, from
1953 to 1957.) The leading example was cotton yarn. The number of
spindles in the national capacity rose from 658,748 in 1919 to
1,506,634
in 1922: at that time Chinese spinners owned 63 per cent of
all
the spindles
installed in China.
74
Out of 120 spinning mills listed in 1928, 47 had been
established between 1920 and 1922. The upsurge in the food industries
is evidenced by the opening of 26 flour mills between 1917 and 1922,
75
and by the re-purchase of foreign-owned oil mills. Considerable progress
was also made in the tobacco and cigarette industry. But the enthusiasm
of the golden age scarcely spread to the heavy industries. The ephemeral
prosperity of the exploitation of non-ferrous metals (in particular an-
timony and tin) in the southern provinces was strictly determined by
international speculations, and disappeared with them. Modern coal and
iron mines remained 75 to 100 per cent controlled by foreign interests.
The most notable progress was made in the machine-building industry.
76
Shanghai and its surroundings were the main beneficiaries of this expan-
72 Department of Overseas Trade, Trade and
economic conditions
in China . . . Report by H. H.
Fox.
73 John K. Chang,
Industrial development in pre-commtmist
China:
a
quantitative
analysis.
74 Yen Chung-p'ing,
T'ung-chi
tzu-liao, 134.
75 Chou Hsiu-Iuan, Ti-i-tz'u
shih-chieh
ta-chan shih-ch'i
Chung-kuo
min-tsu
kung-yeh
ti fa-chan
(The development of national industries during the First World War; hereafter
Kung-yeh
ti
fa-chan),
ch. 2.
76 Ta-lung
chi-ch'i-ch'ang
ti
fa-shtng fa-chan
yti kai-tsao (Origin, development, and transforma-
tion of the Ta-lung Machine Works), comp. by the Academy of Sciences, Shanghai Insti-
tute for Economic Research,
et
al. Thomas G. Rawski, 'The growth of producer industries'
in Dwight H. Perkins, ed.
China's modern economy
in historical perspective, 231.
Cambridge Histories Online © Cambridge University Press, 2008