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  1. Chapter

    1949–1952: ‘Land Reform Dividend’—Old Crisis Plus New Crisis

    The First Crisis 1949–1950: This chapter describes how China in 1949–1950 dealt with the decade-long hyperinflation crisis that had crumbled the old regime. The crux was how to keep the speculative economy at ...

    Tiejun Wen in Ten Crises (2021)