China's Financial Contribution to National Economic Recovery

With the process of building an independent financial system and unifying the RMB system in the early days of the People's Republic of China, financial organizations with the People's Bank of China as the main body gave full play to their functions, laying a good foundation for the recovery of the national economy. It has taken less than three years for our country to reach the highest level of national economic development before 1949. At the same time, the combination of political and economic measures has quickly calmed the persistent high prices and inflation. Under these conditions, China's financial industry has achieved rapid development.