Global silver trade from the 16th to 18th centuries 1500 to 1800, Mexico and Peru produced about 80% of the world's silver with 30% of it eventually ending up in China (largely because of British merchants who used it to purchase exotic Chinese commodities). In the late 16th and early 17th century, Japan was also exporting heavily into China and the foreign trade at large. As has been demonstrated, China dominated silver imports. The market value of silver in the Ming territory was double its value elsewhere, which provided great arbitrage profit for the Europeans and Japanese. The abundance of silver in China made it easy for the country
Zamboangueño people Zamboangueño people The Zamboangueño people or Zamboangueño nation (Chavacano/Spanish: "Pueblo/Nación Zamboangueño") are a creole ethnolinguistic nation of the Philippines originating in Zamboanga City. Spanish censuses record that as much as one third of the inhabitants of the city of Zamboanga possess varying degrees of Iberian and Hispanic-American admixture. In addition to this, select cities such as Iloilo, Bacolod, Dumaguete, Cebu and Cavite, which were home to military fortifications and/or commercial ports during the Spanish era also hold sizable "mestizo" communities. The Zamboangueño nation constitute an authentic and distinct ethnolinguistic identity because of their coherent cultural and historical heritage, most notably