Discussion about this post

User's avatar
The Gadfly Doctrine's avatar

Amy, your piece so powerfully conveys the ideological and human lessons of the Long March. This very important story of how the Long March was actually financed offers a short complementary addition, highlighting the incredible resilience and business acumen displayed by the Soviet at Jinggangshan and the Jiangxi bases as they planned forward to secure the funds needed to survive and eventually win.

After the urban-uprising strategy collapsed, the communists turned to the countryside. In the Jiangxi Soviet they confronted a stark material problem: how to pay for arms, medicine and grain while encircled by vastly better-equipped Nationalist forces. Mao Zedong’s younger brother, Mao Zemin, was appointed president of the Chinese Soviet Republic National Bank in Ruijin in early 1932. He organised mining cooperatives at the wolframite deposits of Xihuashan, Tieshanlong and neighbouring sites. The ore was crushed on site and sold, often through pragmatic deals with local warlords and merchants who bought the raw concentrate.

Those silver-dollar revenues—running into millions of yuan by 1933–34—became the Soviet’s hard-currency lifeline. They bought the rifles, bullets and medical supplies that allowed the Red Army to repel four encirclement campaigns.

When the fifth campaign finally forced the October 1934 retreat, bank personnel including Mao Zemin himself joined the Long March columns. They carried substantial silver reserves and financial instruments that paid porters, boatmen and emergency suppliers across the snow mountains and grasslands. As Edgar Snow recorded in Red Star Over China, the central Soviet held China’s richest tungsten ore and a secret monopoly on its production, while conducting foreign export trade worth more than twelve million dollars through adventurous southern merchants who ran the Nationalist blockade, with goods channelled via production cooperatives. This turned China’s own mineral endowment into revolutionary capital through disciplined organisation and flexible trading.

The same deposits that once financed the Long March now sit at the centre of global supply chains. Through production dominance and export controls, China today shapes the availability and price of tungsten carbide tooling, precision components and defence materials worldwide. The political economy lesson endures: whoever masters the replenishment of critical industrial requisites gains leverage that pure military or ideological power alone cannot match.

On this 105th anniversary it is worth remembering that the CPC’s survival and victory rested on both the mass line you describe so well and this unsung economic ingenuity. The Long March was a march of people and of resources; understanding both makes the achievement even more remarkable.

Charles McKelvey's avatar

Another excellent piece. I appreciate the historical details, the insightful analysis, and the Chinese writing style.

5 more comments...

No posts

Ready for more?