January – The Foreign Economic Liaison Bureau is formed to aid foreign countries.
January – Lin Biao orders the Communist armed forces to memorize quotations from Mao Zedong. These quotations are later collected in “the Little Red Book.”
March - In Taipei, the National Assembly passes temporary amendments abolishing term limits for the presidency during the period of Communist suppression.
March - Chiang Kai-shek re-elected president by the National Assembly for a third time.
April – On Lenin’s birthday, Mao Zedong severely criticizes Soviet revisionism.
June, 1960 – The Sino-Soviet split. At the World Federation of Trade Unions in Beijing, representatives from the Soviet Camp are treated with hostilities by the Chinese.
June 1960 – U.S. President Dwight D. Eisenhower visits Taipei.
July –1,400 Soviet technicians and specialists in China are ordered back home by Moscow. Technology transfer from the Soviet Union stops.
September – Lei Zhen, publisher of the Free China Review, is arrested in Taiwan.
September - Taipei government enacts the Statute for the Encouragement of Investment as part of economic reform.
October - Reports of massive famine and deaths by starvation continue in mainland China.
November – An emergency directive allows villagers in mainland China to keep private plots, engage in side occupations and restore local markets. Rural communes are reorganized into smaller units.
December - Food shipments to the Soviet Union is stopped. However, food shipments to other countries continue.