At the end of the Qing Dynasty, businessman Hu Xueyan colluded with the government to compete with foreigners for the market, leading to the closure of numerous banks and the death of Hu Xueyan due to his depression. At the beginning of the Sanjiangkou trade in Ningbo, due to overloading of the Zhou family's cargo, the ship sank and suffered significant losses. In addition to other previous reasons, the shipowner Dong's family and the Zhou family formed a bond from then on
At the end of the Qing Dynasty, businessman Hu Xueyan colluded with the government to compete with foreigners for the market, leading to the closure of numerous banks and the death of Hu Xueyan due to his depression. At the beginning of the Sanjiangkou trade in Ningbo, due to overloading of the Zhou family's cargo, the ship sank and suffered significant losses. In addition to other previous reasons, the shipowner Dong's family and the Zhou family formed a bond from then on