Transition to Socialist Transformation
Initially, critical sectors of the economy came under government control, and steps were taken to gradually phase out private enterprise and land ownership.
This period of New Democracy lasted until 1953, when the government announced plans for socialist transformation, signaling a shift in economic policy.
Establishing the New Democracy: 1949-65| Class 11 History Notes
In 1949, the People’s Republic of China (PRC) emerged, laying the foundation for a new era in Chinese history. Unlike the Soviet Union’s “dictatorship of the proletariat,” the PRC’s governance was based on the principles of “New Democracy,” aiming to unite all social classes under a common vision.
Let us learn more about the establishment of new democracy in 1949-65!