This ambitious work traces a social history of semicolonialism in late-nineteenth- and early-twentieth-century China. It takes as its central concern the intertwining of two antagonistic forces: elite constructions of modernity shaped globally, and an alternate line of peasant resistance and development. The author's specific project is to unravel the multiple strands of the semicolonial process and thereby the dominant and alternative histories it embodied. In emphasizing semicolonialism as a structural context shaping events, the book opens up a pivotal but silent area in the history of modern China. In confronting the development of capitalism as a historical phenomenon and suggesting that its consequences for land and labor on a global scale need greater theoretical and historical scrutiny, the book forces a new understanding of China's modernity.