 After settling down in its current location in 1778 Urga saw sustained economic growth but most of the wealth went to the Buddhist clergy, nobles as well as the temporary Shanxi merchants based in the eastern and western China-towns of Urga.There were numerous companies called "puus" (пүүс) and temple treasuries called "jas" (жас) which functioned as businesses but none of these survived the Communist period.During the Mongolian People's Republic private property was only marginally tolerated while most assets were state-owned.