In Ming China, why did European traders pay for Chinese silks and porcelains in gold or silver instead of exchanging trade goods?

Well, they prefered gold and silver because the Chinese did not want inferior european trade goods, so European traders had nothing else to offer.

Answered by mackiemesser | 2024-06-10

person is correct

Answered by livyaassisma | 2024-06-14

European traders in Ming China paid in gold or silver because the Chinese had little interest in their goods, preferring precious metals for trade. The shift to a silver-based economy in China created a demand that only European silver could meet to balance the trade. Additionally, European traders faced a significant trade deficit, leading them to rely on silver to access coveted Chinese goods.
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Answered by Anonymous | 2024-10-01