Was China A Capitalist Society Before The Mongol Invasion?

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Was China a Capitalist Society Before the Mongol Invasion?
Capitalism is commonly used to describe the social system of the majority of the world’s population. There is an assumption by historians that capitalism has existed, if not forever, then for most of human history. However, other studies assert that capitalism is a somewhat new social disposition (World Socialist Movement).
Capitalism is a social structure, which exists in almost all countries in the world. In this type of social structure, a small minority of the population owns the main elements of production and distribution, including land, factories, technology, and the transport system. In a capitalist society, the majority of the population, referred to as the working class, sells their human resource in return for wages from the small minority, who are known as the capitalist class.
The working class works in factories and industries owned by the capitalist class, where they produce goods that are in turn sold for profit. The capitalist class earns profits because they make more money selling the manufactured products as compared to the costs they invest. In this way, the capitalists exploit the working class. Additionally, the capitalists live off the proceeds generated by the working class, while ploughing back some of their profits for the continued buildup of their wealth (World Socialist Movement). Consequently, this leads to the class division, which is the central feature of capitalism. In a capitalist society, the primary purpose of producing goods for sale in to make profits as opposed to satisfying the needs of people. There is an assumption that capitalism is based on the free market economic policy. However, it is possible to have a free market economy that is not based on capitalism. Such societal structures exist in countries like China (World Socialist Movement).
Before the Mongolian inv...