China's wealthy bypass the banks

[James A. Donald]

    --
ken wrote:
> > And when was this stagnation?

R.A. Hettinga wrote:
> Two words: Ming Navy

For those who need more words, the Qing Dynasty forbade 
ownership or building of ocean going vessels, on pain of death 
- the early equivalent of the iron curtain. 

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         James A. Donald
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