Regarding the sprout of Chinese capitalism, Mao Zedong wrote in 1939: The development of the commodity economy in China's feudal society has given birth to capitalism. Without the influence of foreign capitalism, China will slowly develop a Capitalist society. Most Chinese historians in the 1920s and 1930s were convinced that China before modern times already had factors for capitalist development. It can be launched accordingly (). ['Mao Zedong "invented" the view that China\'s feudal period had a budding capitalism.', 'The sprout of capitalism existed during the feudal period.', 'Mao Zedong did not "invent" the idea, but adopted the common view of most historians.', "Mao Zedong's views are shared by most historians."]