1684: TRADE WITH CHINA
December 31, 1683
Mirza Firuz Shah
In 1664 England, with the demand for tea booming, The East India Company placed an order for 100 lbs of tea and by 1750 annual imports reached 4,727,992 Lbs. The Company received Chinese permission to trade from Guangzhou (Canton) importing silk, tea and porcelain, and so trade began with the Hongs who controlled trade within China.
Having initially traded tea for silver, the English were concerned that too much silver was leaving their shores. So they began to trade a product locally grown in its Indian territories, opium, in exchange for tea, which lead to the Opium Wars between Britain and China.
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