What impact does Confucianism have on the economy?

Confucian economic view is to emphasize agriculture and restrain commerce.

Confucianism believes that agriculture is fundamental, which makes people concentrate on planting, has simple folk customs, less population mobility, is convenient for feudal authorities to manage population, household registration and economy, and has stable tax sources (poll tax and agricultural tax). Therefore, the government that adopted Confucianism attached importance to the development of agriculture, encouraged ancient China to attach importance to water conservancy construction, farm tools improvement and textile industry, and made China's self-sufficient small-scale peasant economy, or natural economy, very stable.

On the contrary, Confucianism believed that industry and commerce made people frivolous, so the ancient feudal government in China monopolized industries such as salt, iron and wine, and imposed heavy taxes on businessmen, forcing people to give up doing business. Influenced by Confucianism, businessmen use their profits to buy houses and fields instead of continuing to use them to expand industry and commerce. The Qing dynasty also restricted coastal residents from going to sea, and only opened a trading port in Guangzhou to allow foreign trade. Therefore, capitalist industry and commerce germinated slowly and did not form.