History of Pingyao

There was already a settlement in place at Pingyao by the reign of the Xuan King (r. c. 827 – c. 782 bc), when the Zhou raised earthen ramparts around the site.

In the Spring and Autumn period, the county belonged to the kingdom of Jin. It was part of the kingdom of Zhao in the Warring States period. Under the Qin, it was known as Pingtao. During the Han Dynasty, it was known as the seat of Zhongdu County.

Pingyao served as the financial center of the region from the 16th century and of the entire Qing Empire during the late 19th century. During those times, there were more than 20 financial institutions within the city, comprising more than half of the total in the whole country. Rishengchang was the first and largest, controlling almost half of China’s silver trade under the late Qing before going bankrupt in 1914 in the aftermath of the Xinhai Revolution.

Organized restorations have been undertaken periodically since the 15th century, the most recent phase beginning in 1979. In 1986, China designated Pingyao as one of the Chinese Historic and Cultural Cities. It became a World Heritage Site in 1997, including the outlying Zhenguo Temple and Shuanglin Temple. In 2004, part of the southern walls collapsed; they have since been reconstructed. In 2015, Pingyao ancient city became a national 5A-class tourist attraction.

Source From: https://en.wikipedia.org/wiki/Pingyao#History