On this day in 1931, with the Soviet Union's help, the "Chinese Soviet Republic" was founded by the Communist Party of China, establishing its own bank, printing its own money, and collecting its own taxes.
At the time, the majority of China was still under the control of the Nationalist Government of the Republic of China. On November 7th, communists held an open ceremony and military parade for the new country, attended by Mao Zedong.
Central Revolutionary Base, commonly called the Jiangxi-Fujian Soviet, was the largest component territory of the Chinese Soviet Republic and served as the county seat and headquarters of the Chinese Soviet government.
The Jiangxi-Fujian base area was defended ably by the First Red Front Army, but in 1934 it was finally overrun by the Kuomintang government's National Revolutionary Army in the Fifth of its Encirclement Campaigns.
This last campaign in 1934-35 precipitated the most famous of the communist army retreats, known as the "Long March".

Map of the various soviets comprising the Chinese Soviet Republic and the route of the Long March
https://en.wikipedia.org/wiki/Chinese_Soviet_Republic
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