EVENT INFORMATION

31
Desèmber
1956

Socialist transformation of most private industry is declared substantially complete

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📅 31 Desèmber 1956 📍 China

By year’s end, private industry and commerce had largely been reorganized into state-private or collective forms. The rapid transition expanded state influence over investment, employment and production. It reduced private ownership as an independent economic force, while shifting responsibility for efficiency and innovation to administrative structures and state enterprises.

Inisiá sesion pa gusta òf marká e relato aki.
🔖 Marká

Personanan den e suseso aki

Mao Zedong

urban workers

business owners

Organisashonnan den e Evento aki

State Council

state-private enterprises

cooperatives