joint state-private ownership; a form of socialist transformation
Tone colorsmāmámǎmàma
Meanings
1 sense · 3 examplesnoun
joint state-private ownership; a form of socialist transformation
formalA specific historical policy implemented in China during the 1950s. Refers to enterprises jointly operated by the state and private capitalists.
Yī1
jiǔ9
wǔ5
liù6
nián年
，
quán全
guó国
fàn范
wéi围
nèi内
xiān掀
qǐ起
le了
quán全
háng行
yè业
gōng公
sī私
hé合
yíng营
de的
gāo高
cháo潮
。
In 1956, a high tide of industry-wide joint state-private ownership surged nationwide.
Zhè这
jiā家
lǎo老
zì字
hào号
zài在
gōng公
sī私
hé合
yíng营
hòu后
biàn变
chéng成
le了
guó国
yíng营
qǐ企
yè业
。
This time-honored brand became a state-owned enterprise after the joint state-private ownership transformation.
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Gōng公
sī私
hé合
yíng营
zhèng政
cè策
shì是
dāng当
shí时
gǎi改
zào造
zī资
běn本
zhǔ主
yì义
gōng工
shāng商
yè业
de的
zhòng重
yào要
bù步
zhòu骤
。
The joint state-private ownership policy was a crucial step in transforming capitalist industry and commerce at that time.