Question

The British and other Europeans viewed the exportation of opium into China as a potential solution for trade problems. What were the problems the Europeans hoped to solve by selling opium to the Chinese? What was the result?

Answer 1

Opium trade, in Chinese history, the traffic that developed in the 18th and 19th centuries in which Western countries, mostly Great Britain, exported opium grown in India and sold it to China. The British used the profits from the sale of opium to purchase such Chinese luxury goods as porcelain, silk, and tea, which were in great demand in the West.

Britain and other European countries undertook the opium trade because of their chronic trade imbalance with China. There was tremendous demand in Europe for Chinese tea, silks, and porcelain pottery, but there was correspondingly little demand in China for Europe’s manufactured goods and other trade items. Consequently, Europeans had to pay for Chinese products with gold or silver. The opium trade, which created a steady demand among Chinese addicts for opium imported by the West, solved this chronic trade imbalance.

The amount of opium imported into China increased from about 200 chests annually in 1729 to roughly 1,000 chests in 1767 and then to about 10,000 per year between 1820 and 1830. The weight of each chest varied somewhat—depending on point of origin—but averaged approximately 140 pounds (63.5 kg). By 1838 the amount had grown to some 40,000 chests imported into China annually. The balance of payments for the first time began to run against China and in favour of Britain.

So we can conclude that The British and other Europeans viewed the exportation of opium into China as a potential solution for their chronic trade imbalance with china and the result was also positive.