A central directive opened a campaign against bribery, tax evasion, theft of state property, cheating on government contracts and leaking economic information. It framed private capital as both a partner in reconstruction and a potential political rival. The campaign helped the state gain leverage over urban commerce and industry, but it also damaged business confidence and narrowed the mixed-economy space promised in 1949.
Log in to like or bookmark this story.
๐ Bookmark
In the news now
Chinaโs central bank report outlines broader loan-rate benchmarks and targeted financing support
๐
11 November 2026
China extends for two months suspension of measures on 11 US firms on its unreliable-entity list
๐
9 November 2026
China publicizes guidelines to boost consumption and infrastructure investment
๐
4 November 2026
No images or videos for this event yet.
Related Events
No quiz questions for this story yet.
No true or false questions for this story yet.