The Trade of Traditional Chinese Medicine Materials in Hankou from 1872 to 1919

The inter-port trade of traditional Chinese medicinal (TCM) materials dominated business structure in Hankou in 1872 to 1919, while the transfer trade of TCM materials also played an important role. Before 1904, musk was the predominant trading medicinal material among all TCM materials traded in Hankou, followed by Rhus chinensis mill. In the modern times, Hankou ranked second only to Shanghai in China in terms of the trading volume of TCM materials, since Hankou enjoyed a pronounced growth momentum then. If we look at each TCM materials’ market size, trading routes, and trading volume among various inflow and outflow ports, we can see based on the Hankou TCM materials trading structure that although there were changes from 1872 to 1919, the TCM business network and market performances formed in Hankou since the Qing dynasty did not sustain any disastrous impact from national economic and social changes, and their original vitality had retained. This was primarily due to the huge market demand in modern Hankou, the TCM commodity characteristics and the developed domestic market trade network in modern China.