The so-called control of the economy means that under the premise of capitalist relations of production, the state finances directly intervene or control all aspects of social reproduction such as production, circulation and distribution and all departments of the national economy in order to obey the needs of war and rely on administrative and legal means.

This is a highly autocratic and centralized capitalist wartime economic model. The overall implementation of the controlled economy is the manifestation of the establishment of the wartime economic system. Controlling economic policy is the most important economic policy formulated and implemented by the Kuomintang and the national government under the general policy of taking national defense construction as the core during the Anti-Japanese War.

Extended data

Advantages of implementing wartime economic policies:

It was the only choice of the Kuomintang government at that time to use the power of state power to "control" all departments, fields and links of the national economy related to the Anti-Japanese War in accordance with a unified plan.

The wartime economic control policy is an important factor to ensure the victory of the Anti-Japanese War. During the period of War of Resistance against Japanese Aggression, the core of the national government's economic policy was "control". From industrial construction to finance, from material management to foreign trade export, it was by using and relying on these control policies that the Japanese aggressors were successfully defeated.

Due to the adjustment of wartime economic policy, the passive situation in the early stage of the Anti-Japanese War was gradually changed, which ensured the demand of the war. It is also the objective need for China people to complete the sacred cause of the war of resistance and run the national economy well.

Baidu Encyclopedia-Wartime Economy