Immediately after the communists were victorious in defeating the guomindang and establishing a new government on the mainland of china, its policy toward capitalists who were not closely tied to the guomindang was to

The communists generally had a hostile view of capitalists and capitalism as a whole.

The government quickly sought to control large industrial complexes and centralized trading of everyday products.

Large land holdings were abolished and there was a consistent effort to ensure in the development of a classless society.