The rise, fall, and comeback of the Chinese economy over the last 800 years
Business Insider
China's economy led its European counterpart by leaps and bounds at the start of the Renaissance. China was so far ahead, in fact, that economic historian Eric L. Jones once argued that the Chinese empire "came within a hair's breadth of industrializing in the fourteenth century." At the start of the 15th century, China already had the compass, movable type print, and excellent naval capacity. In fact, Chinese Admiral Zheng He commanded expeditions to Southeast Asia, South Asia, Western Asia, and East Africa from about 1405-1433 — about a century before the Portuguese reached India. He also had ships several times the length of Christopher Columbus' Santa Maria, the largest of Columbus' three ...
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