Patriotic Finance: Financial Reforms in Revolutionary China
DATE:  Jun 21 2021
/ SOURCE:  Yicai

(Yicai Global) June 21 -- The Communist Party of China has managed to create its own financial system in its nearly 100-year history.

The system supported the regime to become powerful and helped in the development and expansion of the armed forces, and inclusive finance helped workers and farmers.

For the party, the revolutionary army and the general workers and farmers at that time, finance was indispensable in daily life, but many of the system’s deeds and stories have been forgotten or lost in history.

To help revive the memory, Yicai Global, as a financial media, has written eight articles on patriotic finance, a term used to describe the CPC’s financial system between 1921 and 1949.

The articles are the result of visiting historic sites since late April in Haifeng, Guangdong province; Liuyang, Hunan province; Yan’an, Shaanxi province, Xinzhou, Shanxi province; Longyan, Fujian province; Ruijin, Jiangxi province, Shijiazhuang, Hebei province; Beijing; and Shanghai; as well as researching records and talking with  researchers and the people who were involved in the events.

Editors: Zhang Yushuo, Peter Thomas

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Keywords:   Finance,Communist Party of China