The Common Program of the People's Republic of China 1949-1954

Article 26 of the Common Program


Article 26 gives the basic principles of the economic policy of the PRC. The guiding principle for China's economic construction is to achieve prosperity by balancing public and private interests, benefiting both labor and capital, promoting mutual aid between urban and rural areas, and facilitating international trade. The state coordinates and regulates diverse economic sectors, including state-owned, cooperative, individual, and private enterprises, ensuring their collaboration in areas such as operations, raw materials, marketing, labor conditions, and finance policies, all under the leadership of state-owned enterprises for the overall development of the social economy.

 12-06-1950 Instructions from the CC on Handicraft Industry Policy

Chapter 4 of Common Program