In this second edition, Li uses two arguments. First, he maintained that the development of communications, mining, and industry would contribute directly to the army and navy and to the operation of ships, shipyards, and arsenals. Secondly, he argued that guns and warships alone did not make a nation strong; a further source of strength was the wealth to be gained through developing communications and exploiting natural resources with Western methods.
This is an absolutely gripping economic and legal drama set in the last days of the manchu dynasty.
It Features some of the firsts in chinese industrial development like the chinese rocket (the very first successful train line in china) and the first modern colliery in china. It also has a certain crooked young herbert hoover out to make his millions in an underhanded way that became the cause celebré of It's day.
Despite the stuffy subject, it's s a story of tumultuous times and dramatic developments and is a de facto economics classic.