In view of Mao's whole revolutionary career, his contributions to the Chinese revolution and construction is closely related to his recognition and practice on the problems concerning China's private capitalism, wheras the long term "leftist" mistakes of his late .

A Study of Mao Zedong s Thought on Private Capitalism Round about the Founding of the People s Republic of China;

Mao Zedong holds an analytical outlook of materialist dialectics, draws on and absorbs Lenin s thought in the utilization of capitalism, and on the basis of social and theoretical explanation of new democracy, achieves a series of new innovative ideas about the connotation, nature, position and function of private capitalism.

As an important member of the first leading collective of the Communist Party of China, through his deeply thinking about Chinese reality, Liu Shaoqi gruadually produced the thought of using private capitalism during the course of leading Chinese revolution and construction.

In the rehabilitation period of China s national economy from 1949 to 1952 there ex- isted four kinds of capitalist economies consisting of bureaucrat-capital economy,foreign capitalist economy,private capitalist economy and state capitalist economy.

Our Party has stipulated and implemented the relative policies on private capitalism from 1949 to 1956, which possessed great meanings in theory and practice.