3. Emperor Shen-tsung
Closes the three leaders of the richest Chinese Emperor Shen-Tsung, in the 11th century to manage one of the most economically powerful states, which produces 30% of world GDP.
The source of the wealth of his empire began to technological innovation, as well as the established system of tax collection, which, according to Edwards, ahead of European counterparts for hundreds of years.
Also, according to the professor, the administrative system “Middle Kingdom” was highly centralized, so the emperor had full control over the economy.