The first corporations were formed in China around 600 BC. These corporations were created to finance large-scale projects, such as building canals and irrigation systems. They were also involved in international trade, such as the Silk Road. Chinese corporations were very successful and played a major role in the development of the Chinese economy. They were also very innovative and developed new business practices that are still used today. For example, Chinese corporations were the first to use double-entry bookkeeping, which is a system of accounting that is now used by businesses all over the world. They were also the first to issue stock shares, which allowed them to raise capital from a large number of investors. Chinese corporations had a major impact on the development of the modern business world. Their innovative practices and successful business models helped to shape the way that businesses operate today.
