Kung Hang

The following article is from The Great Soviet Encyclopedia (1979). It might be outdated or ideologically biased.

Kung Hang

 

(in European literature, Kohong), a Chinese mercantile corporation established by the Manchu Ch’ing government in 1720 in Kuangchou to monopolize trade with Western European merchants in South China. All European-Chinese business relations were to be carried out through it. After the Treaty of Nanking in 1842, which was the first treaty that was unfair to China, the Kung Hang was dissolved.

The Great Soviet Encyclopedia, 3rd Edition (1970-1979). © 2010 The Gale Group, Inc. All rights reserved.
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