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Culture of Shanxi Merchants
As one of the commercial cultural systems in
Chinese history, the culture of Shanxi merchants inherited various business
experiences and entrepreneurship, and generated strong attraction and creativity
in China's history of commercial culture.
The culture of Shanxi merchants was the result of them learning experiences
and lessons from history, working hard to initiate their own business,
accumulating rich business skills, and achieving self-promotion through business
activities.
Fighting business competitors, natural disasters, wars, and turmoil, Shanxi
merchants created their own era. They led the business sector in China for up to
four hundred years. The development of four families, the Wei, Wang, Liu, and
Yang families in Shanxi Taiping, represented the energetic of culture of Shanxi
merchants.
Largeness and Leniency Largeness and leniency has
been at the core of traditional Chinese culture. Hence it is no surprise that it
also provided spiritual support for Shanxi merchants.
In the Qing
Dynasty (1644-1911), the Weis took good advantage of the stable social
situation. Their business involved iron, tobacco, timber, silk, and tea.
Gradually, they extended their business, and invested in finance. Later, Wei
shops could be found not only in Shanxi and Henan
provinces , but also in the southern part of China, specializing in silk,
satin, banks, and pawnshops. Another reason for the Wei's prosperity was that
they laid great emphasis on spiritual wealth. They treated their employees with
great generosity. Besides, the Weis also invested a lot in education.
Openness and tolerance Shanxi merchants also showed
great openness and tolerance in their business activities. The Wangs started
accumulating their wealth from the early period of the Qing Dynasty. During the
reign of Emperor Qianlong
, they showed great tolerance towards the notorious official He Shen, and
cooperated with other officials when they were chosen to receive Qianlong's
visit. In business, the Wangs were good at coordinating with other merchants,
finally becoming the biggest dealer of salt.
Seeking commonness while reserving difference In the
latter part of the Qing Dynasty, external forces began to set up business in
China. A series of treaties allowed the dumping of imported goods, which created
a harsh environment for the development of domestic industries. Under such a
situation, the Lius dedicated themselves to improving their business, and then
investing in modern industries. In 1909, the Lius set up the first power station
in Shanxi. Later, they also invested in mining and textile industry, to compete
with foreign businesses.
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