How Much a British Citizen Owes a Chinese Citizen: Approx. USD 155 Million

I did this calculation formula, on how much a British citizen owes a Chinese citizen 🙂

BACKGROUND:

During first and second Opium War period in 1840 – 1860s, British Empire took 300,000,000 liang (Chinese base unit of mass) silver from China and made its own sterling.

FIRST, CALCULATE THE SILVER VALUE (2007):

1 liang equals to 0.05 kilograms, so 300,000,000 liang equals to 15,000,000 kilograms silver. 15,000,000 kilograms equals to 15,000,000,000 grams.

At now, the silver price is: 6 to 8 USD per Oz. Let us take 7 USD as an average. 1 Oz equals to 1/12 Pounds equals to 31.1 grams. So 1 gram silver is 0.2251 USD.

So, we calculate the silver taken by British Empire now worth:

0.2251 USD/gram  x 15,000,000,000 grams = 3,376,500,000 USD

(This does not include the countless valuable gold, antique, ivory, jewellery also taken at that time…)

SECOND, CALCULATE THE POPULATION RATE BETWEEN UK AND CHINA (2007):

UK Population:

60,776,238 (July 2007 est.)

China Population:

1,321,851,888 (July 2007 est.)

Population rate (est.):

UK : China = 1: 21.75 = 1/21.75

THIRD, EVERY UK CITIZEN OWES EVERY CHINESE CITIZEN:

USD 3,376,500,000 x 1/21.75 = USD 155,241,379.31 (approx.)

LOL! Brits are in great debt now!

The numbers are not accurate! So it is just one calculation! Don’t take it too serious guys!

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