China
In Imperial China, the pawnshop dates to about 2000 to 3000 years ago, and its business is regulated strictly. In particular, borrowers may take three years to redeem their property, and they cannot be charged a higher rate than 3% per annum.
Read more about this topic: History Of Pawnbroking
Famous quotes containing the word china:
“Whether the nymph shall break Diana’s law,
Or some frail china jarreceive a flaw,
Or stain her honour, or her new brocade,”
—Alexander Pope (1688–1744)
“Consider the China pride and stagnant self-complacency of mankind. This generation inclines a little to congratulate itself on being the last of an illustrious line; and in Boston and London and Paris and Rome, thinking of its long descent, it speaks of its progress in art and science and literature with satisfaction.... It is the good Adam contemplating his own virtue.”
—Henry David Thoreau (1817–1862)
“Anyone who tries to keep track of what is happening in China is going to end up by wearing all the skin of his left ear from twirling around on it.”
—Robert Benchley (1889–1945)