View of Fuzhou (Foochow), China, one of the first ports in China opened to outside trade following the First Opium War of 1839–1842.
The concept of the China Market first developed in the mid-19th century with the British, who sought to maintain open trade relations with China in the aftermath of the First Opium War (1839– 1842). For the remainder of the 19th century, the allure of the China Market ostensibly promised a huge and ready-made market for Western-made goods in China. This drove imperial interests in the area, in particular those of the British, Japanese, Russians, Germans, French, and Portuguese. Even before the Spanish-American War, the United States had been involved in that market. With the war, however, it became a significant power in Asia with its annexation of Guam and the Philippines. One of the reasons advanced for securing the Philippine Islands was their proximity to China ...read more