China's pre-modern commercial boom predated Western industrialization by centuries

Medieval China and the Mongols: The Tang, Song, Yuan, and Early Ming | A Complete Overview · 43:54 · Video: Made In History · Watch at the source

In short: While Europe was still largely agrarian, Song Dynasty China was perfecting a sophisticated market economy. From paper money to cottage industries, the Chinese model of development offers a startling alternative to the standard narrative of how modern economies are born.

The period between 600 and 1600 C.E. is often characterized as China's 'Golden Age,' spanning the Tang (618–906) and Song (960–1279) dynasties. The Song period witnessed remarkable mercantile expansion often labelled 'pre-modern' by scholars. Notable advancements featured the creation of printed currency, tea consumption habits, alongside gunpowder, printing, and the compass.

A defining feature of the Song economy was the expansion of market forces into everyday life. This occurred through two primary channels: the growth of 'cottage industries'—where non-agricultural goods like silk were produced in rural households—and the production of cash crops like tea for sale rather than personal consumption. Notably, this household-based production remained a dominant economic form in China until the 20th century, distinguishing it from the Western model where production eventually moved into urban centers.

This Chinese trajectory raises significant questions about economic evolution. While European history often labels similar pre-industrial growth as 'proto-industrial' because it was succeeded by urbanization and factory systems, China's path was different. By the time of the Mongol Yuan dynasty (1279–1368), Chinese cities were already among the largest and most sophisticated in the world, prompting historians to wonder if Western industrialization was a necessary outcome of commercialization or merely one possible path.

The era also saw massive geopolitical shifts. The Mongols, under Genghis Khan, began their expansion in 1206, eventually conquering northern China by 1215. This led to the establishment of the Yuan dynasty, which ruled for eighty-nine years. These transitions between Tang, Song, Yuan, and Ming dynasties shaped a continuous period of stunning development that laid the groundwork for the Ming voyages of exploration reaching Africa as late as 1433.

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