There have been lack of specific studies on CPC's policies of individual and private economy from 1957 to 1978.For the misunderstanding of situation at that time, a negative attitude was adopted to the individual and private economy.The CPC's policies of individual and private economy underwent some reversals and zigzags, and the so-called "tails of capitalism" have not been completely severed.Its tortuous evolution is reflected in three stages:the elimination of remaining capitalism, permission of minor private economy and abandon of the "tails of capitalism".