Comparative Study of the Historical Development of Commercial Laws between China and the West

Different from West of Middle Ages, the centralized dominion was estab lished in an early time of ancient China when the feudal despots exercised the p olicy of encouraging the development of agriculture and restricting that of comm erce, therefore, the development of businesses and commerce were restrained at t he very beginning, which is why a Merchant Law similar to that of European count ries had never originated from ancient China.