ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -The Song set up supervised markets along the border to encourage this trade. Chinese goods that flowed north in large quantities included tea, silk, copper coins (widely used as a currency outside of China), paper and printed books, porcelain, lacquerware, jewelry, rice and other grains, ginger and other spices.

Detailed explanation-2: -“During Song times maritime trade for the first time exceeded overland foreign trade. The Song government sent missions to Southeast Asian countries to encourage their traders to come to China. Chinese ships were seen all throughout the Indian Ocean and began to displace Indian and Arab merchants in the South Seas.

Detailed explanation-3: -The main import sources are Japan, Taiwan, South Korea, Australia, the countries of the European Union (EU), and the United States. Regionally, almost half of China’s imports come from East and Southeast Asia, and some one-fourth of its exports go to the same countries.

Detailed explanation-4: -The Silk Road served not only as route for exporting goods such as silk, spices, precious metals, minerals handicrafts, architecture and paintings but also transmitted cultural exchange including theatric performance, dance and music art. The Great Silk Road played moreover a major role in dissemination of religions.