At the end of the Ming Dynasty, capitalism actually sprouted in the south of China, and it developed healthily! However, due to the decline of military capability, the corruption of political power and the appearance of traitor Wu Sangui in China in the late Ming Dynasty, the Ming Dynasty finally lost its territory. The Manchu dynasty began its cruel rule. They were in the period of the disintegration of slavery, and the degree of social civilization was very low.
After the stability of the Qing Dynasty, Emperor Kangxi began to emphasize agriculture and restrain commerce. In fact, Kangxi was a narrow nationalist and could not treat other nationalities equally, so he began the policy of ignorance. The first thing is to emphasize agriculture and restrain commerce, and the second thing is to close China's oceans. Since then, China's business development has started to go backwards.
Kangxi is completely different from what is played in the TV series now. He began to establish a literary inquisition, which led to the complete end of some initial ideas of budding capitalism! China once again entered the dark feudal centralized state, so the seeds of capitalism in China did not develop.