A common generalization about the Nationalist Government in China during the 1927-1937 decade has been that Chiang Kai-shek's regime was closely allied with the capitalists in Shanghai. This book brings to light a different picture--that Nanking sought to control the capitalists politically, to prevent them from having a voice in the political structure, and to milk the wealth of the urban economy for government coffers. This study documents major political conflicts between the capitalists and the government and demonstrates that the regime gradually suppressed the main organizations of the capitalists and gained control of many of their financial and industrial enterprises.

This is the first systematic examination of the political role of the Shanghai capitalists during the Nanking decade. A number of related issues--the operation of the government bond market, the role of the Shanghai underworld and its ties to Chiang Kai-shek, the personalities and policies of key government officials such as TV. Soong and H.H. Kung, the Japanese attempt to control the economic policies of the Nanking government, and the growth of "bureaucratic capitalism"--are brought into focus.

A common generalization about the Nationalist Government in China during the 1927-1937 decade has been that Chiang Kai-shek's regime was closely allied with the capitalists in Shanghai. This book brings to light a different picture--that Nanking sought to control the capitalists politically, to prevent them from having a voice in the political structure, and to milk the wealth of the urban economy for government coffers. This study documents major political conflicts between the capitalists and the government and demonstrates that the regime gradually suppressed the main organizations of the capitalists and gained control of many of their financial and industrial enterprises.

This is the first systematic examination of the political role of the Shanghai capitalists during the Nanking decade. A number of related issues--the operation of the government bond market, the role of the Shanghai underworld and its ties to Chiang Kai-shek, the personalities and policies of key government officials such as TV. Soong and H.H. Kung, the Japanese attempt to control the economic policies of the Nanking government, and the growth of "bureaucratic capitalism"--are brought into focus.

In 1911, Joseph Bailie, a professor at Nanjing University, often took his Chinese students to tour Nanjing's shantytowns. One student, the son of a district magistrate, followed Bailie from hut to hut one rainy day, and was grateful that Bailie opened his eyes to the poverty in his own city.

However, twenty years later, when M. R. Schafer, another Nanjing University professor, showed his students a film that included his own photographs of the poor quarters of Nanjing, his students were so upset that they demanded his expulsion from China.

Zwia Lipkin explores the reasons for these starkly different reactions. Nanjing in the 1910s was a quiet city compared to 1930s Nanjing, which was by that time the national capital. Nanjing had become a symbol of national authority, aiming not only to become a model of modernization for the rest of China, but also to surpass Paris, London, and Washington. Underlying all of Nanjing's policies was a concern for the capital's image and looks—offensive people were allowed to exist as long as they remained invisible.

Lipkin exposes both the process of social engineering and the ways in which the suppressed reacted to their abuse. Like Professor Schafer's movie, this book puts the poor at the center of the picture, defying efforts to make them invisible.