China's economy during the 1600s might be described as mercantilist primarily because China received payment for goods in gold and silver. This reflects a mercantilist approach, where the accumulation of precious metals was seen as essential for national wealth and power. Additionally, China's trade policies often focused on maintaining a favorable balance of trade by exporting more than it imported, which is a key characteristic of mercantilism.
Question Why might China's economy be described as mercantilist during the 1600s? (1 point) Responses China had many colonies throughout Asia. China had many colonies throughout Asia. China formed economic alliances with European nations. China formed economic alliances with European nations. China allowed foreign goods to flood its markets. China allowed foreign goods to flood its markets. China received payment for goods in gold and silver.
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