1. The primary targets of struggle today are imperialism, feudalism, and their lackeys, the remnants of the Kuomintang reactionaries, not the national bourgeoisie.
There is struggle against the national bourgeoisie, but it must be united with. A policy of both uniting and struggling is adopted to achieve the goal of uniting it for the common development of the national economy.

2. Restrictions and exclusion should be applied to industries and businesses detrimental to the national economy and people’s livelihood, namely speculative commerce, luxury goods, and superstitious goods industries, not to legitimate industries and businesses beneficial to the national economy and people’s livelihood. When these industries and businesses face difficulties, they should be supported to facilitate their development.

3. This is a long-term matter. At the current stage, unlimited development is impossible, and private capital must be utilized simultaneously.

4. This is incorrect.

5. A completely erroneous statement.

6. It is necessary to delineate positions, that is, to define the scope of operations.
This is a very naive statement.

7. Except for salt, boundaries should be defined, and monopolization of everything must be avoided.
Only a certain quantity of a few key commodities (grain, cloth, oil, coal) can be controlled, such as one-third of the grain supply.

8. Establishing department stores does not mean replacing all commerce.

Printed based on Mao Zedong’s manuscript.

Notes
1. These are annotations written by Mao Zedong on a transcript of a speech from the Industry and Commerce Group discussion at the National United Front Work Conference.
2. This annotation was written in response to the sentence in the speech transcript: "The primary target of struggle today is the bourgeoisie."
3. This annotation was written in response to the discussion in the speech transcript regarding the restriction and exclusion of private industry and commerce.
4. This annotation was written in response to the sentence in the speech transcript: "The state-owned economy will develop without limits."
5. This annotation was written in response to the sentence in the speech transcript: "If the big capitalists want to shut down, we will let them shut down. If we have the money, we will take over."
6. This annotation was written in response to the following passage in the speech transcript: "Our policy is to ‘compete with the people for profit.’ But what they call ‘the people’ is the bourgeoisie. We, on the other hand, must compete for matters beneficial to the people. We say, we are ‘only allowing the magistrate to set fires, not allowing the commoners to light lamps.’ But here, the ‘magistrate’ is the people. We can set fires, but if you light lamps, it violates the interests of the masses."
7. This annotation was written in response to the sentence in the speech transcript regarding private industry and commerce: "They demand to delineate positions, to keep river water from intruding into well water, but we do not permit it."
8. This annotation was written in response to the sentence in the speech transcript: "‘Competing with the people for profit’ is manifested in the control of grain, cotton yarn and cloth, matches, department store goods, and salt."
9. This annotation was written in response to the sentence in the speech transcript: "Department stores must be established; otherwise, prices cannot be stabilized."