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China Beginning of Paper The Chinese Economy, Culture & Society The social values and history have shaped and formed the economical developments and the current environment of business in the People's Republic of . They have determined the patterns for negotiation and the Chinese perceptions of business, and .... Middle of Paper .... the subsistence group; the family. For more than 2000 years the Chinese economy operated under a type of feudal system; land was concentrated in the hands of a relatively small group of landowners whose income depended on rents from their peasant tenants. Agricultural taxes levied by the imperial government and crop yields subject to drought and floods kept agriculture relatively underdeveloped and organized in small units with the use of primitive methods for basic subsistence. The conclusion of the Opium War of 1840 formally initiated .... 4663 words | 17 pages Subscription Length Price Join 30 days membership (recurring) $19.95 90 days membership (recurring) $39.95 180 days membership (non-recurring) $69.95