The Chinese People’s Political Consultative Conference adopted the Common Program, a provisional constitutional framework. It protected workers, peasants, cooperatives and private property while giving state-owned resources and enterprises a leading role and calling for industrialization. The document expressed a postwar and anti-imperial project of national reconstruction, while placing strategic economic direction in a centralized party-state.
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What did the 1949 Common Program establish for the economy?
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The Common Program protected multiple ownership forms while assigning state enterprises a leading role.
The 1949 Common Program gave the state-owned economy a leading role while still recognizing other ownership forms.
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It outlined a mixed transitional economy with a leading public sector.