Chronicle of Major Events 1949 to 2020
Year: 2021

The land revolution of “equal distribution” agrarian system embodied the fundamental demand of traditional peasants for the past several millennia. The war spurred the mobilization of the largest peasant population in the world to participate in the state-building. The hyperinflation that had started in 1937 during the Republic of China era was still a major problem. Yet with the revival of traditional peasant communities, not only were the peasants that accounted for 88% of the total population