The country is so beautiful, where so many heroes had devoted their lives into it. Sorry that the Qin Emperor or the Han Wu Emperor lacks a sense for… - Mao Zedong

Enterprises, such as banks, railways and airlines, whether Chinese-owned or foreign-owned, which are either monopolistic in character or too big for private management, shall be operated and administered by the state, so that private capital cannot dominate the livelihood of the people: this is the main principle of the regulation of capital. This is another solemn declaration in the Manifesto of the Kuomintang's First National Congress held during the period of Kuomintang-Communist co-operation, and it is the correct policy for the economic structure of the new-democratic republic. In the new-democratic republic under the leadership of the proletariat, the state enterprises will be of a socialist character and will constitute the leading force in the whole national economy, but the republic will neither confiscate capitalist private property in general nor forbid the development of such capitalist production as does not "dominate the livelihood of the people", for China's economy is still very backward.

The reactionaries attempt to quell the revolution by means of massacres. They feel that the greater the number of people killed, the smaller will be the revolution. However, it has turned out to be otherwise. Actually, the more people the reactionaries kill, the greater is the revolutionary strength and the larger the number of reactionaries who will perish. This is an irresistible principle. Hitler and Mussolini of foreign countries, the fascism of Japan and the Manchurian government and Pei-yang warlords of China have all proved this point. Though hundreds of thousands and millions of China's revolutionary people have been slaughtered, hundreds of thousands and millions more will rise and continue the revolution, and no one can subjugate them.

这种新民主主义共和国，一方面和旧形式的、欧美式的、资产阶级专政的、资本主义的共和国相区别，那是旧民主主义的共和国，那种共和国已经过时了；另一方面，也和苏联式的、无产阶级专政的、社会主义的共和国相区别，那种社会主义的共和国已经在苏联兴盛起来，并且还要在各资本主义国家建立起来，无疑将成为一切工业先进国家的国家构成和政权构成的统治形式；但是那种共和国，在一定的历史时期中，还不适用于殖民地半殖民地国家的革命。因此，一切殖民地半殖民地国家的革命，在一定历史时期中所采取的国家形式，只能是第三种形式，这就是所谓新民主主义共和国。这是一定历史时期的形式，因而是过渡的形式，但是不可移易的必要的形式。