| The imperialists set off an upsurge of dividing China and speed up capital export to China at the end of 19th century. Britain set up Peking Syndicate Limited in order to rob resources particularly in coal from Shanxi, Henan province, to keep the benefits they have robbed, and to get more privileges in China as well. Through the compradors of China, Peking Syndicate Limited got the right to mine in Shanxi and Henan, and regarded Henan as its key basis.Peking Syndicate Limited took Jamieson town as its bridgehead to rob coal of China. They built Daoqing railway in order to sale coal outside, and invest a huge sum of money to build new mines. At the same time they attempt to encroach on the iron resources of Taihang mountains in Henan province.Facing the Peking Syndicate Limited's action, the people of Henan, by the encouragement of whole nation's movement in taking back rights, managed to boycott its robbing in north Henan, while they quickened to raise national funds for mines in order to contend with the Peking Syndicate Limited. After the Revolution of 1911, central China Mine Company invested by government and businessman, jointed with Peking Syndicate Limited ,the situation was put by joint-venture_Fu-China General Company into a new stage.The economic incursion of the Peking Syndicate Limited hurt the benefits of Henan terribly, which started the people of Henan to fight for their independence in economy development. The Peking Syndicate Limited's foundation and development caused the capitalism's growing in Henan, and the local politics, ideology, culture were influenced at the same time. However, the capitalism of China has been restricted by the western elements in the condition of semi-colonial, semi-feudal society. So the fact is, the Peking Syndicate Limited hindered Henan national capitalism's development in modern times. |
