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According to SHI JI, the Zhou people's ancestor could be traced to Houji, the Chinese guardian or father of agriculture.

Houji, like Shang-ancestor-Xie4, was the son of ancient overlord Diku.

This form of money is known as "ant nose" When Qin Shi Huang unified the country in 221 BC and established the Qin Dynasty, he abolished the above-mentioned forms of money that had been circulating in the other Warring States and stipulated that the legal coinage would be a round coin with a square hole in the center weighing a half tael or .

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Some of these first forms of money were cast in shapes which resembled tools of the time such as spades or shovels 圆钱).

Charles Hucker, in "China's Imperial Past", made speculation about the distinction between the sedentary and nomadic ways of life in China's northwestern areas, around the Yellow River line, at the time of early history: That is, the two ways of life had existed among both the Xia-ren or the Chinese and the nomadic people; both groups of people had partial agriculture and partial husbandry in the area; it was due to the Xia Chinese building up the walled states that led to the polarization of the two ways of life.

This webmaster, though, would paraphrase it in one more way: Namely, every change of the dynasties of Xia or Shang would see the former rulers and their clansmen fleeing to the northern or western border to be the new generation of the barbarians.

China was among the first countries in the world to use money as documented by historical records and actual artifacts dating back 4,000 years.

By the time of the Shang Dynasty (16th ~ 11th century BC), sea shells (cowrie) were already circulating as a major form of currency.

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