Beijing Review

Future Crossroads of Global Finance

he rise of today’s China as a financial superpower might seem surprising to most observers, but the truth is the country has a very long tradition of businesses dealing with money, with so-called “counting houses” (or ) operating during the Tang Dynasty (618-907). Counting houses emerged during the dynasty’s heyday in the 600s as places where merchants could deposit funds for protection and draft checks third parties could in turn cash

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