When was the monopoly of China trade lost by East India Company ?

The correct answer is 1833.

• In 1833, the jealously-protected monopoly of the East India Company was finally abolished and the China trade was opened.
• China trade to the competition of dozens of British companies, who had been petitioning the government and lobbying members of Parliament for free trade for years.
• After the end of the monopoly of the East India Company, it became evident that opium traffic had turned into the sole profitable business for some British companies in southern China.
• In 1830, opium flooded the entire black market in China and, inevitably, became a major cause of concern for the Chinese Government.

Additional Information

• The East India Company founder is John Watts, founded 31 December 1600. Headquarters are in London, United Kingdom.
• East India Company, also called English East India Company, formally Governor and Company of Merchants of London Trading into the East Indies or  United Company of Merchants of England Trading to the East Indies.
• English company formed for the exploitation of trade with East and Southeast Asia and India, incorporated by royal charter on December 31, 1600.
• Starting as a monopolistic trading body, the company became involved in politics and acted as an agent of British imperialism in India from the early 18th century to the mid-19th century.
• In addition, the activities of the company in China in the 19th century served as a catalyst for the expansion of British influence there.
• In the mid-18th century, the cotton-goods trade declined, while tea became an important import from China.
• Beginning in the early 19th century, the company financed the tea trade with illegal opium exports to China.