Chapter

Epilogue: The Return of the Banker

Wen-hsin Yeh

in Shanghai Splendor

Published by University of California Press

Published in print March 2007 | ISBN: 9780520249714
Published online March 2012 | e-ISBN: 9780520933422 | DOI: http://dx.doi.org/10.1525/california/9780520249714.003.0009
Epilogue: The Return of the Banker

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To those who had to choose between Nationalist or Communist affiliations, the regime shift marked a major watershed in China's twentieth century. The 1950s witnessed, on both sides of the Taiwan Strait, land reforms, nationalization of major enterprises, and economic planning, along with ideological training, domestic surveillance, and campaigns of party rectification. Both states had turned economistic, measuring the success of their governance in terms of economic growth and material transformation. Public culture in Shanghai under socialism was no less than a reversal and critique of the dynamic mixture of the feminine, mercantile, and foreign, which had come to define the city's culture in the century after the Opium War.

Keywords: China's twentieth century; Taiwan Strait; economic planning; Nationalists; Communists; Shanghai; Opium War

Chapter.  5125 words. 

Subjects: Asian History

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